Portnoy Law Firm Files AMC Investor Class Action Lawsuit
A proposed securities class action has been filed on behalf of AMC Entertainment Holdings investors who bought AMC or APE securities between Aug. 18, 2022 and Nov. 11, 2023. The suit alleges AMC made materially false or misleading statements by not disclosing that a technical provision in the preferred stock certificate could allow the company to exclude APE holders from certain distributions after conversion to common stock. Investors have until April 20, 2026 to seek appointment as lead plaintiff.