Yesterday, I received the notice mentioned in my last AMC post, Proposed Settlement (May 5, 2023). AMC is required to send to stockholders of record in the United States (not sure if those holding overseas will receive it). You are a Class Member if you have held AMC Common Stock from August 3, 2023 through and including the record time (yet to be determined by the Settlement Hearing).
This is essentially giving notice of the Settlement Hearing set for June 29-30, 2023. Shareholders are informed of their right to file a written statement in support of, or objection to, the Proposed Settlement (see post for docket documents). Such statements must be received no later than May 31, 2023 in accordance with instructions (to be) posted on AMC’s Investor Relations site. [https://investor.amctheatres.com/newsroom/default.aspx]
Settlement Hearing Agenda
Among other things, the hearing will:
(i) determine whether the proposed Settlement is fair, reasonable, and adequate to the Settlement Class;
(ii) determine whether a Judgment, should be entered dismissing the Action with prejudice as against Defendants and lifting the Status Quo Order;
(iii) determine whether the application by Lead Counsel for an award of attorneys fees and expenses and incentive awards should be approved;
(iv) hear and rule on any objections to the proposed Settlement, Lead Counsel’s application for an award of attorneys’ fees and expenses, and/or Lead Counsel’s application for incentive awards to Plaintiffs; and
(v) consider any other matters that may properly be brought before the Court in connection with the proposed Settlement.
Harvest Life 