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MoviePass Parent Co. Investors Announce $8.25M Settlement

By Dave Simpson ( December 11, 2020, 11:42 PM EST) -- Former executives from the nonoperational MoviePass app and its parent company have agreed to pay $8.25 million to end investors' New York federal court claims that they misled the public on the profitability of the moviegoing subscription service before the stock bottomed out, investors said Friday....

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