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Update: Lawsuit for Investors in shares of Helios and Matheson Analytics Inc. (NASDAQ: HMNY) announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / March 18, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Helios and Matheson Analytics Inc. (HMNY).

Investors, who purchased shares of Helios and Matheson Analytics Inc. (HMNY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On August 2, 2018, a lawsuit was filed against Helios and Matheson Analytics Inc. over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that Helios was touting MoviePass’ valuation and path to profitability, that MoviePass’ business model was not sustainable, that consequently, Helios would run out of cash that Defendants’ actions were only reducing shareholder value, and that 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 January 4, 2019 an amended complaint was filed and on February 25, 2019 the defendants filed their motion to dismiss the case.

Those who purchased Helios and Matheson Analytics Inc. (HMNY) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.



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https://www.accesswire.com/539348/Update-Lawsuit-for-Investors-in-shares-of-Helios-and-Matheson-Analytics-Inc-NASDAQ-HMNY-announced-by-Shareholders-Foundation