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An AMC Entertainment Holdings Inc. investor on Friday appealed the shareholder settlement that let the company convert its APE preferred units into common stock, despite having previously said the conversion would be all but impossible to unwind.

The Delaware Supreme Court set a Friday deadline for responses to a request to halt a stock conversion pending the appeal of a settlement allowing AMC Entertainment Holdings Inc. to move forward with a plan opposed by many of its retail investors.

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE AMC ENTERTAINMENT ... -Yesterday at 11:17 pm- MarketScreener

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.

(Reuters) - An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chains controversial stock conversion plan told a Delaware court on Thursday that some investors felt the company

An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chain's controversial stock conversion plan told a Delaware court on Thursday that some investors felt the company "stabbed them in the back."