AMC Entertainment Holdings Inc. Class A Common Stock (NYSE: AMC)
42 Days left to seek lead plaintiff status.
The complaint alleges the statements were materially false and misleading because the rights of APE holders were in fact constrained by the Certificate of Designations (“COD”) for AMC's preferred stock, which contained a highly-technical loophole allowing AMC to exclude APE holders from distributions occurring after conversion to common stock. This loophole was subtle, non-obvious, and undisclosed in the FAQ or other public investor communications