NEW YORK--(BUSINESS WIRE)--
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is investigating whether certain directors and officers of AMC Entertainment Holdings, Inc. (“AMC” or the “Company”) (NYSE:AMC) breached their fiduciary duties to the Company and its shareholders. If you are an AMC shareholder, you are encouraged to contact Scott+Scott for additional information.
Through its subsidiaries, AMC provides theatrical exhibition services, including movie theatres in the United States, Canada, Europe, and Asia.
On August 1, 2017, after market hours, AMC announced disappointing preliminary second quarter 2017 financial results, estimating a second quarter net loss of about $178.5 to $174.5 million and a 2017 net loss between $150 and $125 million. On this news, AMC stock dropped about 27% to close at $15.20 on August 2, 2017. A securities class action suit has been filed, alleging that defendants made materially false and misleading statements and/or failed to disclose adverse facts regarding AMC’s business and prospects, particularly related to AMC’s acquisition of Carmike Cinemas, Inc. (“Carmike”) in December 2016 and international businesses in November 2016.
What You Can Do
If you are an AMC shareholder, you may have legal claims against AMC’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982, or at [email protected].
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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