Le Lézard
Classified in: Business
Subject: ATY

AMC ENTERTAINMENT INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of AMC Entertainment Holdings, Inc. - AMC


NEW ORLEANS, Oct. 11, 2019 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into AMC Entertainment Holdings, Inc. (NYSE: AMC).  

Kahn Swick & Foti, LLC ("KSF") - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto/Kahn Swick & Foti, LLC)

On March 3, 2016, AMC announced its intention to acquire Carmike Cinemas, completed in December 2016. AMC also acquired European chain Odeon and UCI Cinemas Holdings Ltd. in November 2016 and Stockholm-based Nordic Cinema Group Holding AB in March 2017. In February 2017, the Company conducted a Secondary Public Offering, raising $618 million.

Then, on August 1, 2017, the Company disclosed its financial results for 2Q2017 that included a quarterly net loss of between approximately $174 and $179 million and an expected net loss for the year between $125 and $150 million due in part to integration and performance problems with Carmike and its other acquisitions.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information in connection with its SPO, violating federal securities laws. Recently, the court presiding over that case denied the Company's motion to dismiss in part, allowing the case to move forward.

KSF's investigation is focusing on whether AMC's officers and/or directors breached their fiduciary duties to AMC's shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of AMC shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-amc/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC


These press releases may also interest you

at 07:13
OptiGroup has agreed to acquire 100 percent of the shares of Skovly-Gruppen AS. The transaction, which is subject to approval by the Norwegian Competition Authority, is expected to be completed in the coming months. The purchase price has not been...

at 07:13
Today, IAR Systems® announces full coverage for the RA Arm® Cortex® microcontrollers (MCUs) from Renesas Electronics Corporation. The complete development toolchain IAR Embedded Workbench® provides powerful code optimizations and comprehensive...

at 07:11
Sapiens International Corporation,  , a leading global provider of software solutions for the insurance industry, and a member of the Formula Group , today announced its financial results for the fourth quarter and full year ended December 31, 2019....

at 07:10
Industrial Logistics Properties Trust today announced financial results for the quarter and year ended December 31, 2019. John Murray, President and Chief Executive Officer of ILPT, made the following statement: "We saw continued solid...

at 07:10
Tellurian Inc. (Tellurian) continued to build its integrated global natural gas business and concluded 2019 with momentum on commercialization and development of its first project, Driftwood LNG. President and CEO Meg Gentle said, "In 2019,...

at 07:05
Cooper Tire & Rubber Company today reported full year 2019 net income of $96 million, or diluted earnings per share of $1.91, compared with $77 million, or $1.51 per share, last year. Full Year 2019 Highlights Unit volume decreased 3.9 percent...



News published on 11 october 2019 at 22:50 and distributed by: