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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
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(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.