AMC Entertainment Holdings Inc shareholders have filed a lawsuit in Delaware accusing the movie theater chain of bypassing them in a bid to increase the number of shares.
shareholders have filed a lawsuit in Delaware accusing the movie theater chain of bypassing them in a bid to increase the number of shares.
Allegheny County Employees’ Retirement System said in the proposed class action filed on Monday that the company and several of its directors violated state law to "eviscerate" the voting power of common stockholders, who had not supported issuing new shares.
The Pennsylvania pension fund said in the lawsuit that creation of the preferred stock was an attempt to circumvent shareholders' will.
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