Lead Plaintiff Deadline is October 1, 2018
NEW YORK, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Helios and Matheson Analytics Inc. (NASDAQ: HMNY) from August 15, 2017 through July 26, 2018, inclusive (the “Class Period”).
Investors who have incurred losses in the shares of Helios and Matheson Analytics Inc. a re urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares of you may, no later than October 1, 2018 , request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Helios and Matheson Analytics Inc.
Helios and Matheson Analytics Inc. operates as an IT service management company. The Company provides IT infrastructure, social data aggregation, cognitive computing, application development, and map-tech innovation solutions. Helios & Matheson Analytics offers its services to financial, healthcare, retail, government, and educational sectors. It owns a controlling interest in MoviePass, a service that allows its subscribers to attend motion picture theaters throughout the United States.
According to the filed complaint, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that:
- Helios and Matheson was touting MoviePass’ valuation and path to profitability;
- MoviePass’ business model was not sustainable;
- consequently, Helios and Matheson would run out of cash;
- defendants’ actions were only reducing shareholder value; and
- as a result, defendants’ statements about Helios and Matheson’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com , or visit our website at www.whafh.com.
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq. Gregory Stone, Director of Case and Financial Analysis Email: gstone@whafh.com , kcooper@whafh.com or classmember@whafh.com Tel: (800) 575-0735 or (212) 545-4774
