The Delaware Supreme Court set a Friday deadline for responses to a request to halt a stock conversion pending the appeal of a settlement allowing AMC Entertainment Holdings Inc. to move forward with a plan opposed by many of its retail investors.
One of those objecting investors, Rose Izzo, seeks to stop the conversion from happening before Delaware’s highest court can consider an appeal, according to a motion filed Wednesday by her attorneys.
“The conversion cannot be undone, and if this court rejects the settlement following the conversion, a clawback of the settlement consideration may be impossible on remand,” they ...
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