AMC Judge Upholds Trading Ban for Investors Who View Court Files

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.

Vice Chancellor Morgan T. Zurn declined to reconsider the trading ban and other provisions of a confidentiality agreement she previously approved, including a clause that prohibits shareholders from discussing the documents with one another. The investors have said they need the files as they weigh whether to go to court in late June to oppose the settlement, which would end litigation over AMC’s APE preferred units.

Concerns ...