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.
Lol Reuters?!? Really !
They’re trying to block the vote for someone much bigger. They are a very small fraction of shareholders. They do not represent the majority.
Aweee look at pathetic , I know you guys are irrelevant and all but go find something legitimate to talk about.
Fud!!!!!
Come on, I really thought your organization was unbiased or not for sale … is journalism dead? A google search would have given you details to validate the veracity of the initial publication.
PKPlayerOne *CORRECTION* Pension fund with .01% stake in $AMC sued. From what I see majority of shareholders are in support of the vote.
😂😂😂😂😂 the worst publication posting false information. You guys are horrendous and sad. Please be aware no one with a brain believes anything you guys report on FYI!
PKPlayerOne Not even remotely true this is paid FUD narrative majority of shareholders are happy with the direction the company is going keep getting over paid your not convincing 🤣
PKPlayerOne False news
Is this the same pension fund that invested in FTX? Wonder if their also short $AMC... “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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