The settlement that enabled AMC Entertainment Holdings Inc. to proceed with its 2023 APE stock conversion has withstood another challenge, this one from aggrieved preferred shareholder.
The Delaware Supreme Court on Thursday rejected the shareholder’s arguments that the movie theater chain violated anti-dilution provisions with a distribution exclusively to common shareholders.
The high court didn’t elaborate on its decision to uphold an Oct. 2 ruling from the Delaware Chancery Court. Justice N. Christopher Griffiths signed the order.
The high court last year affirmed a settlement allowing AMC to proceed with the August 2023 stock conversion. That dispute stemmed from ...
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