iMovie quit unexpectedly while using the Flexo Plug-in

Hello everyone,

I just upgraded to iMovie 10.1.2 and when I open the iMovie, I get a pop up that states "iMovie quit unexpectedly while using the Flexo plug-in".

In applications iMovie 9.0.4 has a folder and it works fine. My App Store Updates show that I am current. I have shutdown several times and restarted.

Any input would be appreciated.

Thanks