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AMC Entertainment Holdings Inc. has received approval from Delaware's Supreme Court on Wednesday to proceed with its APE stock conversion. This decision upholds a previous class settlement that was opposed by AMC's meme stock base. The court's decision marks the end of litigation in Delaware’s Chancery Court, which had seen objections from common stockholders.
A settlement allowing AMC to proceed with a stock conversion opposed by its meme stock base last year was affirmed by Delaware’s highest court. https://t.co/zst747SPHB
Delaware's Supreme Court declared Wednesday that there shall be no sequel to the drama from common stockholders of AMC Entertainment Holdings Inc. who objected to a class settlement of litigation in the state's Chancery Court. https://t.co/kwyKuZ6Ss4 https://t.co/LW5xHx7z4t
NEW: A settlement allowing AMC to proceed with a stock conversion opposed by its meme stock base last year was affirmed by Delaware’s highest court. https://t.co/ihW53f1Ivi
