MoviePass declared Chapter 7 bankruptcy on Wednesday, according documents filed with the United States Bankruptcy Court for the Southern District of New York.MoviePass said it was being investigated by the Federal Trade Commission, the Securities and Exchange Commission, the New York Attorney General, and the California District Attorney's Office.
MoviePass said it was being investigated by the Federal Trade Commission, the Securities and Exchange Commission, the New York Attorney General, and the California District Attorney's Office.sources said MoviePass used various tactics to try to keep the service afloat as it ran out of money, including locking some subscribers out of their accounts.
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No Big Deal... Bankruptcy is another stage of any company... Investigate what? Why they bankrupted ? Who investigates? Lawyers investigates business case? What's a shame :D
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