AMC movie theater in Baltimore, MD. Photo: Diego M. Radzinschi/ALM Counsel for Opposing AMC Shareholders Clash at Chancery Court Settlement Hearing
Attorneys for the shareholder plaintiffs and defendant AMC, both in favor of the proposed settlement, argued a stock conversion is the best possible option for shareholders, though objectors held firm that it would unfairly strip value from individual holders of common stock.
June 29, 2023 at 06:02 PM
4 minute read
The case caption indicates it's a shareholder suit against AMC, but argument presented at a settlement hearing Thursday showed the conflict remaining in the suit is one of shareholder versus shareholder.
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