AMC receives court preliminary approval for $3.3M settlement in Section 16(b) derivative suit against Antara

AMC ENTERTAINMENT HOLDINGS, INC.

Federal court preliminarily approved settlement of derivative action; final hearing set for May 2, 2024.
If approved, AMC will receive $3.3 million from Antara Capital entities; claims alleged up to $28.75 million in short-swing profits.
Settlement releases Antara Defendants from all Section 16(b) claims; no admission of liability.
Special litigation counsel James A. Hunter to receive 22.5% contingency fee ($742,500) from proceeds, split with plaintiffs' counsel.

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