Helios and Matheson Analytics Inc. Securities Litigation
On or around 11/28/2018 (Ongoing date of last review)
Filing Date: August 02, 2018
According to the Complaint, Helios and Matheson Analytics Inc. ("Helios" or the "Company" identifies itself as a provider of information technology, services and solutions including a range of technology platforms focusing on big data, business intelligence, and consumer-centric technology.
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.
On November 16, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: Helios and Matheson Analytics Inc.
Industry: Business Services
Headquarters: United States
Ticker Symbol: HMNY
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Jeffrey Chang, et al. v. Helios and Matheson Analytics Inc., et al.
COURT: S.D. New York
DOCKET #: 18-CV-06965
JUDGE: Hon. John G. Koeltl
DATE FILED: 08/02/2018
CLASS PERIOD START: 08/15/2017
CLASS PERIOD END: 07/26/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky, LLP 30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004 212.363.7500 212.363-7171 ·
First Identified Complaint (FIC) Filings:
Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available