Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SAN FRANCISCO, Jan. 25, 2018 -- Hagens Berman Sobol Shapiro LLP alerts investors in AMC Entertainment Holdings, Inc. (NYSE: AMC) to the securities class action pending in the United States District Court for the Southern District of New York and to the March 13, 2018 Lead Plaintiff deadline. If you purchased AMC securities (1) in- or traceable to- AMC’s secondary public offering on or about February 8, 2017 and/or (2) on the open market between December 20, 2016 and August 1, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/AMC
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On February 9, 2017, AMC filed its prospectus with the SEC for the sale of approximately 21.9 million shares at $31.50 per share. The complaint charges defendants with failing to inform investors of material adverse known trends in the Company’s previously acquired Carmike Cinemas business.
On August 1, 2017 after the market closed, defendants reported much worse than expected financial results and highlighted Carmike’s poor performance as a major contributor to AMC’s losses. This news drove the price of AMC shares down about 27% to close at $15.20 on August 2, 2017. The August 2 closing price was nearly 52% below the secondary offering price.
“We’re focused on the defendants’ apparent undisclosed knowledge of problems with the Carmike business and damages to AMC investors,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding AMC should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
