AMC Entertainment Holdings Inc.’s stock fell premarket Monday after the movie theater chain and meme stock darling reached a deal to settle a shareholder lawsuit over the conversion of AMC Preferred Equity units into common stock.
“AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock and reverse stock split,” the company tweeted on Saturday. “AMC stockholders who are class members have the right to object to the…
