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Bronstein, Gewirtz & Grossman LLC Urges AMC Entertainment Holdings, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
Globenewswire· 2026-02-22 17:00
Core Viewpoint - A class action lawsuit has been filed against AMC Entertainment Holdings, Inc. and certain officers for alleged violations of federal securities laws related to AMC Preferred Equity Units (APEs) during a specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for all individuals and entities that purchased or acquired APEs between August 18, 2022, and November 1, 2023, including those who held APEs before their conversion to common stock on August 25, 2023, and were excluded from a Special Dividend [2][3]. - The complaint alleges that statements made during the class period were materially false and misleading due to a loophole in the Certificate of Designations for AMC's preferred stock, which allowed the exclusion of APE holders from distributions after conversion [3]. Group 2: Next Steps for Investors - Investors who suffered losses in AMC have until April 20, 2026, to request to be appointed as lead plaintiff in the case, although sharing in any recovery does not require serving as lead plaintiff [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorneys' fees if successful in the lawsuit [5]. - The firm has a strong track record, having recovered hundreds of millions of dollars for investors in securities fraud class actions [6].