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IN RE AMC ENT. HOLDINGS STOCKHOLDER LITIG.

Consol. C.A. No. 2023-0215-MTZ.

299 A.3d 501 (2023)

IN RE AMC ENTERTAINMENT HOLDINGS, INC. STOCKHOLDER LITIGATION.

Court of Chancery of Delaware.

Date Decided: July 21, 2023.

Attorney(s) appearing for the Case

Gregory V. Varallo , Daniel E. Meyer , BERNSTEIN LITOWITZ BERGER & GROSSMAN LLP, Wilmington, Delaware; Mark Lebovitch , Edward Timlin , BERNSTEIN LITOWITZ BERGER & GROSSMAN LLP, New York, New York; Michael J. Barry , Kelly L. Tucker , Jason M. Avellino , GRANT & EISENHOFER, P.A., Wilmington, Delaware; Thomas Curry , SAXENA WHITE P.A., Wilmington, Delaware, Attorneys for Plaintiffs Allegheny County Employees' Retirement System and Anthony Franchi.

Raymond J. DiCamillo , Kevin M. Gallagher , Matthew W. Murphy , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; John A. Neuwirth , Joshua S. Amsel , Tanner S. Stanley , WEIL, GOTSHAL & MANGES LLP, New York, New York, Attorneys for Defendants AMC Entertainment Holdings, Inc., Adam M. Aron, Denise Clark, Howard W. Koch, Jr., Kathleen M. Pawlus, Keri Putnam, Anthony J. Saich, Philip Lader, Gary F. Locke, Lee Wittlinger, and Adam J. Sussman.

OPINION

Common stockholders of AMC Entertainment Holdings, Inc. ("AMC" or the "Company") brought direct claims on behalf of a putative class of common stockholders. The plaintiffs sought injunctive relief to stop the Company from holding a special meeting at which the common stockholders, together with holders of...

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