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Delaware judge will not immediately approve AMC shareholder settlement
© Reuters. FILE PHOTO: An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo
(Reuters) – A Delaware Chancery Court judge said on Friday that she cannot approve the proposed settlement between AMC Entertainment (NYSE:) Holdings and holders of the company’s common stock in a lawsuit over the company’s stock conversion plan in its current form.
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