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Video Update

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2001

    Concerns over accounting and management controls

    Following the acquisition, Movie Gallery stated that Video Update had lacked certain internal accounting and management controls before and during bankruptcy and indicated that officers may have engaged in embezzlement or fraud. These were reported allegations and control concerns, not established findings against every officer.

  2. 1999

    Litigation over former Moovies executive

    A jury found that Video Update's buyout of a former Moovies chief operating officer's contract was fraudulent and awarded the executive $1.3 million.