Movie theatre operator AMC's stock surged 23% after a potential legal delay to a plan that could dilute its shares

• AMC stock surged 23% on Monday after a judge scheduled a hearing for shareholders suing the company.
• The shareholders are accusing the chain of diluting their voting power with a share conversion plan.
• The stock became popular in 2021 as a meme stock on Reddit.

Shares of AMC Entertainment Holdings — a company popularized by a meme stock frenzy on Reddit about two years ago — surged 23% to $7.61 on Monday, one day ahead of its fourth-quarter earnings, thanks to some good news for shareholders on the legal front.