This Week in Chancery Court: AMC’s Stock Conversion Fight

AMC Entertainment Holdings Inc. will appear Tuesday in Delaware’s Court of Chancery, an updated schedule in a case where shareholders and a pension fund are challenging the movie theater operator’s efforts to convert its preferred equity units into common stock.

Here are a few more highlights from the court’s calendar this week:

Monday: Tornetta v. Maffei, Del. Ch., No. 2019-0649, teleconference 4/24/23.

At issue: Chancellor Kathaleen St. J. McCormick ruled earlier this month that Sirius XM Holdings Inc. must face a class action trial challenging its $3.5 billion acquisition of Pandora Media Inc. Now the satellite radio giant and ...