AMC Entertainment Holdings Inc will face an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares, a Delaware chancery court judge ruled on Monday.
will face an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares, a Delaware chancery court judge ruled on Monday.
Vice Chancellor Morgan Zurn will hear from AMC investors who have accused the movie theater chain and several of its directors of violating state law by creating preferred shares in an attempt to "eviscerate" the voting power of common stockholders who had not supported issuing new shares.
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