An investor in AMC Entertainment Holdings Inc (NYSE: AMC) shares filed a lawsuit against certain directors of AMC Entertainment Holdings Inc and long term NYSE: AMC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 03/20/2023 --Investors in shares of AMC Entertainment Holdings Inc (NYSE: AMC) filed a lawsuit against certain directors of AMC Entertainment Holdings Inc over alleged wrongdoing in connection with the proposed stock increase.

Investors who purchased shares of AMC Entertainment Holdings Inc (NYSE: AMC) and currently hold any of those: AMC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In August 2022 , the CEO of AMC Entertainment Holdings Inc made the decision to create a new class of shares called AMC Entertainment Preferred Equity Units (NYSE:APE).

Initially, 517 million units of AMC Entertainment Preferred Equity Units were issued, or one unit for each outstanding share of NYSE: AMC stock.

In September 2022 AMC Entertainment Holdings Inc announced that it would sell up to 425 million shares of AMC Entertainment Preferred Equity Units (NYSE:APE).

Then in December 2022, AMC Entertainment Holdings Inc announced that it would seek to increase the number of authorized shares of AMC Entertainment Holdings Inc (NYSE: AMC). The meeting to vote on this proposal will be held on March 14, 2023.

However, two lawsuits were filed against directors of AMC Entertainment Holdings Inc (NYSE: AMC) over alleged wrongdoing. The plaintiffs allege that AMC Entertainment Holdings Inc and the CEO have been "eviscerating the voting power of AMC's Class A stockholders in order to force through approval of a proposed dilutive share count increase that those stockholders repeatedly had rebuffed and were not willing to support at the corporate ballot box."

Among other things, the plaintiffs seek to put a halt on the March 14, 2023 vote.

Those who purchased shares of AMC Entertainment Holdings Inc (NYSE: AMC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.