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A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla&#x27...

AMC Entertainment Holdings Inc. was blocked by a Delaware judge Friday from converting its controversial APE preferred units into common stock, a ruling that sent the company’s class A shares surging up to 100% in after-hours trading.

(Bloomberg Law) -- AMC Entertainment Holdings Inc. was blocked by a Delaware judge Friday from converting its controversial APE preferred units into common stock, a ruling that sent the company’s class A shares surging up to 100% in after-hours trading.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy So...

AMC Entertainment Holdings Inc. broke its pledge not to convert its preferred equity units into common stock, one of the company’s “meme stock” investors said Thursday, objecting to a nine-figure settlement that would end litigation over the distressed cinema chain’s so-called APE units.

AMC Entertainment Holdings Inc. investors who view confidential court files related to a nine-figure legal settlement must pledge to refrain from trading AMC securities until the case concludes, a Delaware judge said Wednesday.

Faced with an extraordinary flood of objections from AMC Entertainment Holdings Inc investors who are suspicious of a proposed $129 million settlement on their behalf, a Delaware judge on Saturday ordered the movie theater company to throw open access to all of the evidence underpinning the deal.

A lawyer deputized to assist in shareholder litigation over preferred equity units issued by AMC Entertainment Holdings Inc. doesn’t appear to have any conflicts of interest, a Delaware judge said Wednesday.

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE AMC ENTERTAINMENT ... | May 8, 2023

(The opinions expressed here are those of the author, a columnist for Reuters.)

AMC Theatres has settled a shareholder lawsuit that threatened a planned reverse stock split with a payment valued at over $100 million.