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Trade Publication Article
Litigation & Industry Update
2019
Overview
MOVIEPASS CLASS ACTION LAWSUIT MoviePass, an entertainment company that advertised a new way to attend movies through a subscription service initially allowing members to attend a number of movies per month for a flat monthly fee, is now faced with a shareholder class action lawsuit filed in August in New York federal district court against its parent company, Helios and Matheson Analytics, Inc. After Helios acquired a majority stake in MoviePass last year, a new business model was introduced which allowed subscribers to see unlimited movies for only $9.95 per month. [...]the Court rejected a misuse defense by Redbox due to the changes Disney made to the various terms of use on the download websites. [...]parties involved in any speculation or hard evidence will not meet the requirements of collusion. Article 17 limits the collusion investigation to conduct of the NFL and its teams. [...]Kaepernick's deal with Nike would likely be outside the scope of collusion.
Publisher
American Bar Association
