Securities Antitrust Consumer Fraud FINRA Arbitration Structured Finance Whistleblower/Qui Tam Corporate Governance Mergers & Acquisitions ERISA Healthcare Fraud
PartnersOf Counsel Associates Staff Attorneys All
M & A Investigations New Federal Securities Cases Current CasesSettlements & Class Notices Accolades
Our Institutional Monitoring Service Our ProcessReporting Custom Monitoring
Articles Press Releases Television
Contact Us Join a Class Action Report a Fraud

New Federal Securities Cases

AMC Entertainment, Inc.

A class action lawsuit has been filed in the U.S. District Court for the Southern District of New York against AMC Entertainment, Inc. ("AMC" or the "Company") (NYSE: AMC) on behalf of investors that acquired AMC securities in the February 8, 2017 Secondary Public Offering ("SPO") or during the period from December 20, 2016 through August 1, 2017 (the "Class Period"), seeking recovery of damages for alleged violations of the federal securities laws. Pursuant to applicable law, investors have until March 13, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On November 30, 2016, AMC acquired Odeon and UCI Cinemas Holdings, and on December 21, 2016, AMC acquired Carmike Cinemas. Also on December 21, 2016, AMC filed a shelf Registration Statement with the SEC to permit the Company to offer and sell AMC common shares. The Complaint alleges that throughout the Class Period, Defendants failed to disclose that Carmike's operations had been performing poorly.

On August 1, 2017, post-market, AMC announced worse-than-expected preliminary second quarter 2017 financial results due to a loss of market share that occurred during 2016 and the poor performance of acquired Carmike theaters.

On this news, AMC stock fell from $20.80 to close at $15.20 on August 2, 2017 (a decline of $5.60), or more than 50% below the price at which the shares were sold in the SPO.

If you purchased or otherwise acquired AMC securities, have information or would like to learn more about these claims, please contact Thomas Elrod of Kirby McInerney at 212-371-6600, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.


Investigation Contact Form

AMC Entertainment, Inc. Contact Form



Attorneys

Thomas W. Elrod


Kirby McInerney LLP | 825 Third Avenue | NYC 10022 | Tel. 212.371.6600 | Fax 212.751.2540

Attorney Advertising - Prior Results do not Guarantee a Similar Outcome




Law Firm Website Design by Business Edge