Carmike Cinemas, Inc. is an American movie theater chain headquartered in Georgia. As of March 2016, the company had more than 250 theaters in 41 states.

According to the law firm press release, the action arises out of a March 3, 2016 press release announcing that Carmike Cinemas had entered into an Agreement and Plan of Merger with AMC pursuant to which AMC would acquire Carmike Cinemas for $30 per share in cash, for total consideration of $1.1 billion (the “Proposed Acquisition”).

The Complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, the Defendants filed a materially false and misleading Preliminary Proxy Statement with the SEC in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Carmike Cinema shareholders’ ability to make an informed decision whether to approve the Proposed Acquisition.

On July 10, 2016, the Court issued an Order consolidating cases. The Consolidated Cases shall be identified as: “In Re Carmike Cinemas, Inc. Shareholder Litigation.” On July 30, the Court issued an Order appointing Lead Plaintiff and Counsel.

This case was voluntarily dismissed on January 19, 2017.