Financial advisors that sold AMC Entertainment Holdings, Inc. (AMC) to their clients are being investigated by Haselkorn & Thibaut, P.A., nationwide investment fraud law firm, for possible sales practice violations by financial advisors who have been recommending AMC and associated real estate investment trust (REIT) investments offered to investors.
The current trading in AMC is trading in the $4.50/share range. Looking back AMC was investing generally over $6.00/share in early 2020 (and was over $11.00/share for many of 2019 in general). Recent articles in Seeking Alpha have noted that in a recent report, news surfaced that AMC Entertainment has informed landlords that it might not be making rent payments starting in April 2020 since it had been forced to shut its doors to customers as a result of the Covid-19 global pandemic. AMC Entertainment is your largest publicly-traded theater company, and as of April 13, 2020, TheStreet.com was reporting that AMC had been in discussions to hire Chapter 11, bankruptcy counselor.
AMC Entertainment Holdings, Inc. (Symbol: AMC) by its subsidiaries, including in the theatrical exhibition industry. AMC owns, operates, or has interests in theatres. As of March 17, 2020, it worked approximately 1,000 theatres and 11,000 screens in the United States and globally. It was founded in 1920 and is based in Leawood, Kansas. AMC Entertainment Holdings, Inc. (AMC) is a subsidiary of Dalian Wanda Group Co., Ltd..
Recover AMC Entertainment Holdings, Inc. (AMC) Losses
Many investors lost retirement money in AMC Entertainment Holdings (AMC). For investors, this is a particularly hard blow since these are the types of investments that were often suggested by financial consultants to clients who have been looking for income in portfolios (often retirees or even conservative investors). Now investors are confronted with substantial losses as a result of a degree of risk to their initial investment which was probably never properly disclosed (if it was disclosed at all) by their own stockbroker or investment advisor.
For many investors, a personal FINRA arbitration customer dispute enables them to bring a claim and possibly recover their investment losses. These customer disputes typically involve only a paper discovery and no depositions, and they’re generally faster and more efficient in comparison to traditional court lawsuit, as they provide a way to resolve disputes faster and economically.
About Haselkorn & Thibaut, P.A.
Haselkorn and Thibaut, P.A. is a nationwide law firm specializing in handling investment fraud and securities arbitration cases. The law firm has offices in Palm Beach, Florida, on Park Avenue in New York, as well as in Phoenix, Arizona, and Cary, North Carolina. Both founding partners have almost 45 years of legal expertise.
Haselkorn & Thibaut, P.A. has registered numerous (private arbitration) customer disputes together with the Financial Industry Regulatory Association (FINRA) for customers who suffered investment losses relating to issues very similar to those matters mentioned above. There are typically no depositions involved, and those instances are typically handled on contingency with no recovery, no commission stipulations. Our experienced investor lawyers offer a free consultation as a public service. Call now to learn more at 1-800-856-3352 or chat with us online.