MoviePass under investigation for misleading investors: Source [ABC News]
Comcast Corporation - Class A (CMCSA)
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Source: ABC News
The New York attorney general’s office has launched an investigation into whether the parent company of MoviePass, Helios and Matheson, misled investors about their finances, a source familiar with the investigation confirmed to ABC News. Attorney General Barbara Underwood opened the investigation under her authority to protect investors in companies that are publicly traded on the exchanges located in New York. CNBC, which first reported the investigation , reported that the probe falls under New York’s Martin Act, an anti-fraud law. The Associated Press FILE - In this Jan. 30, 2018 file photo, Cassie Langdon holds her MoviePass card outside AMC Indianapolis 17 theatre in Indianapolis. The startup that lets customers watch a movie a day at theaters for just $10 a month, is limiting new customers to j (MORE: How AMC Theatres plans to compete with MoviePass) Helios and Matheson, which purchased a majority stake in MoviePass in August 2017, announced it
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CMCSA
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- 1/25/24 - Beat
CMCSA
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