Helios and Matheson Analytics Inc (HMNY)

[420man]

News......


Back to News Results
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Helios and Matheson Analytics Inc.

2:02 pm ET July 27, 2018 (Globe Newswire) Print
Levi & Korsinsky announces it has commenced an investigation of Helios and Matheson Analytics Inc. ("Helios and Matheson" or "the Company") (NASDAQ: HMNY) concerning possible violations of federal securities laws. Helios and Matheson is the parent company for MoviePass, a subscription-based movie theater ticketing platform.

On July 27, 2018, shares of Helios and Matheson plummeted after the Company filed a Form 8-K with the U.S. Securities and Exchange Commission acknowledging that an outage of the MoviePass service on July 26, 2018 was due to the Company running out of funds. According to the filing, Helios and Matheson was forced to borrow more than $6 million to resume operations. Following this news, shares of Helios and Matheson were down 59% on intraday trading on July 27, 2018. To obtain additional information, go to:

http://www.zlk.com/pslra-d/helios-and-matheson-analytics-inc

or contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone].

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Eduard Korsinsky, Esq.

30 Broad Street - 24th Floor

New York, NY 10004

Tel: [phone]

Toll Free: [phone]

Fax: [phone]

www.zlk.com

https://resource.globenewswire.com/Resource/Download/ac93d66b-f8d2-429d-9026-c5b32b0ac0ee?size=1