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ARTICLE · 17 DECEMBER 2020

What We're Reading This Week [December 14, 2020]

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AMC Entertainment Holdings Inc. announced that it is exploring financing alternatives to address the financial strain on the company resulting from the COVID-19 pandemic...

United StatesInsolvency/Bankruptcy/Re-Structuring
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AMC Entertainment Holdings Inc. announced that it is exploring financing alternatives to address the financial strain on the company resulting from the COVID-19 pandemic, including an at-the-market sale of 178 million shares, reports The Street. This announcement comes after Walt Disney Co. announced that approximately 80% of its new content in 2021 would be released online and not in theaters. The Company reportedly needs around $750 million of additional liquidity in order to remain viable through the whole of 2021. [The Street; Dec. 11, 2020]

The Dallas Morning News reports that, while approving a settlement between Dan Kamensky (the founder of Marble Ridge Capital LP) and the Neiman Marcus estate, Judge David Jones of the United States Bankruptcy Court for the Southern District of Texas referred to Kamensky as a “thief” and a “liar” who tried to steal from other creditors of Neiman Marcus out of “pure greed.” As the chairperson of Neiman Marcus's unsecured

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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