Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit
THR, Esq. 2021-12-14
Summary:
Canadian cinema giant Cineplex says the Ontario Superior Court of Justice has ruled in its favor in a breach of contract lawsuit brought against Regal owner Cineworld Group PLC. Cineplex said it had been awarded damages of $1.24 billion in lost synergies from the abandoned takeover deal and $5.5 million in transaction costs and the […]