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MoviePass Was Not a Good Business – Bloomberg

It is an unusual sort of securities fraud. The basic allegation is that Farnsworth and Lowe were constantly asked if MoviePass could make money with a $9.95 unlimited monthly subscription, and they constantly said “sure probably somehow,” and it never did. Which is all true. But also its financial statements were public, and more or less […]

SolarWinds says it’s facing SEC ‘enforcement action’ over 2020 hack | TechCrunch

In a recent 8-K filing with the U.S. Securities and Exchange Commission, SolarWinds said it reached an agreement with shareholders, who sued the company alleging they were misled about the 2020 hack. Investors accused the software house, which makes network management tools used by corporations and government departments, of misrepresenting its security and failing to […]