Former MoviePass Directors Settle Suit For $12M -- Market Talk
Former MoviePass Directors Settle Suit For $12M -- Market Talk
DJ Former MoviePass Directors Settle Suit For $12M -- Market Talk
11:39 ET - Former directors and officers of MoviePass and its parent company Helios & Matheson Analytics have agreed to pay $12M to settle a civil lawsuit over the movie subscription service's failure. The settlement, paid by company insurers, resolves allegations brought by a trustee liquidating the company that management should have known their plan for MoviePass "would never succeed," according to papers filed Friday in the US Bankruptcy Court in New York. MoviePass' former directors have denied wrongdoing and claimed risks were part of pursuing a novel business model. (jonathan.randles@wsj.com)
(END) Dow Jones Newswires
October 26, 2020 11:39 ET (15:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Former MoviePass Directors Settle Suit For $12M -- Market Talk
DJ前MoviePass董事以1200萬美元了結訴訟-市場對話
11:39 ET - Former directors and officers of MoviePass and its parent company Helios & Matheson Analytics have agreed to pay $12M to settle a civil lawsuit over the movie subscription service's failure. The settlement, paid by company insurers, resolves allegations brought by a trustee liquidating the company that management should have known their plan for MoviePass "would never succeed," according to papers filed Friday in the US Bankruptcy Court in New York. MoviePass' former directors have denied wrongdoing and claimed risks were part of pursuing a novel business model. (jonathan.randles@wsj.com)
美國東部時間11點39分-MoviePass及其母公司Helios&Matheon Analytics的前董事和高管同意支付1200萬美元，以了結因電影訂閲服務失敗而引發的民事訴訟。根據週五提交給紐約美國破產法院的文件，由公司保險公司支付的和解協議解決了一名清算公司的受託人提出的指控，即管理層本應知道他們的MoviePass計劃“永遠不會成功”。MoviePass的前董事否認有不當行為，並聲稱風險是追求新商業模式的一部分。(jonathan.randles@wsj.com)
(END) Dow Jones Newswires
(完)道瓊通訊社
October 26, 2020 11:39 ET (15:39 GMT)
2020年10月26日東部時間11：39(格林尼治標準時間15：39)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。
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