Recent Securities Litigations

Helios and Matheson Analytics Inc (NASDAQ: HMNY)

Company Name:Helios and Matheson Analytics Inc
Stock Symbol:NASDAQ: HMNY
Class Period Start:08/15/2017
Class Period End (inclusive):07/26/2018

According to the Complaint, Helios and Matheson Analytics Inc. ("Helios" or the "Company" identifies itself as a provider of information technology, services and solutions including a range of technology platforms focusing on big data, business intelligence, and consumer-centric technology.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Helios was touting MoviePass' valuation and path to profitability; (ii) MoviePass' business model was not sustainable, (iii) consequently, Helios would run out of cash, (iv) Defendants' actions were only reducing shareholder value, and (v) as a result of the foregoing, Defendants' statements about Helios' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.