AMC movie theater in Baltimore. Photo: Diego M. Radzinschi/ALM Vice Chancellor Blocks Settlement of AMC's Reverse Stock Split Suit, Sends Lawyers Back to Drawing Board
The problem with the settlement, the court said, is its proposed release of claims involving AMCs preferred equity shares, or APEs, held by those who also hold common stock.
July 24, 2023 at 03:50 PM
4 minute read
The movie theater chain AMC and its shareholders aren't done with their litigation in the Court of Chancery, after Vice Chancellor Morgan Zurn ruled Friday that a proposed settlement can't move forward as it is, saying the releases agreed upon by the two sides are overly broad.
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