I just got this in the mail:
In re AMC Entertainment Holdings, Inc. Stockholder Litigation, C.A. No. 2023-0215-MTZ THIS CARD PROVIDES ONLY LIMITED INFORMATION ABOUT THE LITIGATION
PLEASE VISIT INVESTOR AMCTHEATRES.COM/NEWSROOM/DEFAULT.ASPX FOR MORE INFORMATION.
The Court of Chancery of the State of Delaware (the "Court") has scheduled a hearing to consider whether to approve a proposed Settlement in the Action captioned above. The proposed Settlement would resolve all claims in the Action captioned above.
You received this notice because you may have held AMC common stock during the period from August 3, 2022 through and including the record time, expected to be set as of the close of business in accordance with any New York Stock Exchange and/or Depository Trust Company requirements or policies, on the business day prior to Conversion on which the Reverse Stock Split is effective (the "Class Period"), and you may be a Settlement Class Member. The Settlement was reached between Ushaldo Munoz, Anthony Franchi, and Allegheny County Employees' Retirement System ("Plaintiffs") and Adam M. Aron, Denise Clark, Howard W. Koch, Jr., Philip Lader, Gary F. Locke, Kathleen M. Pawlus, Keri Putnam, Anthony J. Saich, Adam J. Susini, Lee Wittlinger, and AMC ("Defendants"), and consists of a payment to the record holders of common stock as of the Settlement Class Time of one share of common stock for every 7.5 shares of common stock owned by such holders (after giving effect to the Reverse Stock Split) (the "Settlement Payment"). No fractional shares of common stock will be issued Record holders of common stock who would otherwise be entitled to receive a fractional share of the Settlement Payment will receive a cash payment in lieu thereof in the same manner as will be provided in connection with the Reverse Stock Split.
You can file a written statement in support of, or objection to, the Settlement that is required to be received no later than May 31, 2023, in accordance with the instructions set forth in the Notice and the letter that the Court published to AMC stockholders, which will be posted on the "Investor Relations" section of AMC's website, investor.amctheatres.com/newsroom/default.aspx.
A hearing (the "Settlement Hearing") will be held before Vice Chancellor Morgan T. Zurn on June 29-30, 2023, at the Leonard L. Williams Justice Center, at 500 N. King Street, Wilmington, Delaware to, among other things: (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; (ii) determine whether the application by Lead Counsel for an award of attomeys 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. Please visit the "Investor Relations" section of AMC's website, investor.amctheatres.com/newsroom/default.aspx, or Lead Counsel's websites, bibglaw.com. gelaw.com or fksfirm.com, for more information.
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