The Delaware Court of Chancery, in Linda Lao v. Dalian Wanda Group, Co., Ltd., et al. and AMC Entertainment Holdings, Inc., C.A. No. 2019-0303-JRS, hearing (Del. Ch. Oct. 25, 2019), granted defendants’ motion to stay derivative claims pending investigation by a Special Litigation Committee.
- [$$$] Bloomberg Law discusses the oral ruling in AMC Wins Bid to Stay Lawsuit to Probe Dalian Wanda Trading Claims.
- [$$$] Law360 discusses the oral ruling in Chancery Halts AMC Investor Suit For Board’s Investigation.