Hagens Berman Reminds AMC Investors in the Secondary Offering Securities Class Action and to the March 13, 2018 Lead Plaintiff Deadline
Feb 13, 2018
Legal Newswire POWERED BY LAW.COM
SAN FRANCISCO, -- Hagens Berman Sobol Shapiro LLP reminds investors in AMC Entertainment Holdings, Inc. (NYSE:AMC) of the March 13, 2018 Lead Plaintiff deadline in the pending securities class action. 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:
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.
URL : http://www.hbsslaw.com
Contact Information:Reed Kathrein, 510-725-3000
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