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Class Action News

Levi & Korsinsky Files HMNY Lawsuit; MoviePass Owner Sued

Levi & Korsinsky

August 2, 2018

NEW YORK, August 2, 2018 – Levi & Korsinsky announces it filed a class action complaint on behalf of investors who purchased or otherwise acquired common stock of Helios and Matheson Analytics Inc. (NASDAQCM: HMNY) between August 15, 2017, and July 26, 2018. The HMNY class action Chang v. Helios and Matheson Analytics Inc. (Case No. 1:18-cv-06965) was filed in the USDC for the Southern District of New York. For more information about the HMNY lawsuit: http://www.zlk.com/pslra-d/helios-and-matheson-analytics-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. 

The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that (i) Helios was touting MoviePass’ valuation and path to profitability; (ii) MoviePass’ business model was not sustainable, (iii) consequently, Helios would run out of cash, (iv) Defendants’ actions were only reducing shareholder value, and (v) as a result of the foregoing, Defendants’ statements about Helios’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you suffered a loss in Helios you have until October 1, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.