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The New York Attorney General has launched an investigation into the parent company of MoviePass for allegedly misleading investors, according to CNBC.
Helios and Matheson has faced criticism from investors in recent months as several assurances from management have unraveled and the company has diluted their stakes by selling millions of new shares to the public.
Many Helios and Matheson shareholders have seen the value of their stakes dwindle by over 99%, with some losing over $100,000.
New York Attorney General Barbara Underwood has launched an investigation into the parent company of popular movie-ticket subscription service MoviePass for allegedly misleading investors, according to CNBC.See the rest of the story at Business Insider
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