Class action lawsuit filed against AMC over alleged misleading info on preferred equity units.

A class action lawsuit has been filed against AMC Entertainment and some of its officers for allegedly misleading investors about the rights of AMC Preferred Equity Units (APEs) from August 2022 to November 2023. The complaint claims AMC used a technical loophole to exclude APE holders from receiving a special dividend after converting APEs to common stock, which was not clearly disclosed to investors. Investors who bought or held APEs during this period are encouraged to join the lawsuit. Those affected have until April 20, 2026, to request lead plaintiff status, with no upfront legal costs as the law firm works on a contingency fee basis.