WE GIVE SHAREHOLDERS A VOICE
Levi & Korsinsky announces the commencement of a class action in the United States District Court for the Southern District of New York on behalf of AMC Entertainment Holdings, Inc. (NYSE: AMC) shareholders who purchased shares between December 20, 2016 and August 1, 2017.
The complaint alleges that, throughout the Class Period, defendants failed to disclose that (1) Carmike’s operations had been experiencing a prolonged period of financial underperformance due to a protracted period of underinvestment in its theaters; (2) Carmike had experienced a significant loss in market share when its loyal patrons migrated to competitors that had renovated and upgraded their theaters; (3) AMC was able to retain only a small number of Carmike’s loyalty program members after the Carmike acquisition; and (4) these issues were having a material adverse effect on Carmike’s operations and theater attendance.
If you suffered a loss in AMC you have until March 13, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.