AMC Entertainment Holdings, Inc. Provides Settlement Notice
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment Holdings, Inc. (NYSE:AMC) announced a preliminary court approval for a settlement in a civil action brought by shareholders for alleged 'short-swing' profits by the Antara Defendants. The settlement, if approved, will result in AMC receiving $3.3 million. A final approval hearing is scheduled for May 2, 2024.
March 12, 2024 | 8:48 pm
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AMC Entertainment Holdings, Inc. is set to receive $3.3 million from a settlement over alleged 'short-swing' profits by the Antara Defendants, pending final court approval.
The preliminary court approval of the settlement is positive news for AMC, as it stands to receive a significant sum of $3.3 million if the settlement is finally approved. This could be seen as a financial win for the company and may positively influence investor sentiment in the short term. However, the final impact will depend on the court's final decision on May 2, 2024.
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