AMC Settlement Objector Seeks Fees Over Collapsing Stock Price

Aug. 29, 2023, 8:03 PM UTC

The AMC Entertainment Holdings Inc. investor whose settlement objections temporarily halted the conversion of its APE preferred units into common stock is seeking a financial reward for reducing the fees paid to the lawyers who negotiated the deal.

The lead settlement objector, Rose Izzo, argued in a court filing Monday that her attorneys should get $650,000 for persuading a Delaware judge to hand only about $7 million to attorneys for the pension fund and individual investor fronting the litigation, rather than the $20 million they had sought.

The brewing fight over fees represents a coda to the bitter court battle ...

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