AMC Judge Urged to Let Revised APE Deal Take Effect Right Away

AMC Entertainment Holdings Inc. shareholders who negotiated a nine-figure settlement over the company’s APE preferred units—which a judge rejected last week in a surprise ruling—are urging the judge to swiftly sign off on a new version of the deal and let it take effect immediately.

The stockholders asked Vice Chancellor Morgan T. Zurn in court papers late Tuesday to let the two sides implement the agreement right away—if it’s approved—even as a retail investor pursues a likely appeal aimed at taking over the case, scuttling the settlement, and resuming the court battle.

“The theoretical possibility that the class could ...