WHITE PLAINS. N.Y. (Legal Newsline) – A purchaser in common stocks of a theatrical exhibition business alleges a registration statement contained untrue statements.
Hawaii Structural Ironworkers Pension Trust Fund, individually and on behalf of all other similarly situated, filed a complaint on Jan. 12 in the U.S. District Court for the Southern District of New York against AMC Entertainment Holdings Inc., Adam M. Aron, Craig R. Ramsey, Chris A. Cox, et al. for alleged violation of the Securities Act of 1933.
According to the complaint, the plaintiffs purchased AMC common stock in the company's second public offering in February 2017.
The plaintiffs allege the defendants' registration statement for the second public offering was inaccurate and contained untrue statements and because they relied on this statement to purchase shares, were damaged.
The plaintiff requests a trial by jury and seeks to award for damages together with interest, rescission or a rescissory measure of damages, attorneys’ fees, accountants’ and experts’ fees and such other and further relief as may be just and proper under the circumstances. They are represented by Samuel H. Rudman of Robbins Geller Rudman & Dowd LLP in Melville, New York.
U.S. District Court for the Southern District of New York Case number 1:18-cv-00299-AJN