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1200万美元了结诉讼-市场对话
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)
美国东部时间11点39分-MoviePass及其母公司Helios&Matheon Analytics的前董事和高管同意支付1200万美元，以了结因电影订阅服务失败而引发的民事诉讼。根据周五提交给纽约美国破产法院的文件，由公司保险公司支付的和解协议解决了一名清算公司的受托人提出的指控，即管理层本应知道他们的MoviePass计划“永远不会成功”。MoviePass的前董事否认有不当行为，并声称风险是追求新商业模式的一部分。(jonathan.randles@wsj.com)
(END) Dow Jones Newswires
(完)道琼通讯社
October 26, 2020 11:39 ET (15:39 GMT)
2020年10月26日东部时间11：39(格林尼治标准时间15：39)
Copyright (c) 2020 Dow Jones & Company, Inc.
版权所有(C)2020道琼斯公司。
译文内容由第三方软件翻译。
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