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1. • Cineplex did not breach

     • Ontario Superior Court of Justice judge Barbara Conway ruled in a 39-page decision released this week that Cineworld had no legal grounds to terminate its deal to acquire Cineplex. The ruling stated: “I have reviewed the alleged breaches carefully and have found that Cineplex did not breach the covenants in the arrangement agreement.
     Reference:

     Cineplex awarded more than $1.23 billion in damages over ...

2. www.cbc.ca › news › businessCineplex wins $1.24B in damages in lawsuit with former merger ...

   www.cbc.ca › news › business

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   Dec 15, 2021 · Toronto-based Cineplex announced Tuesday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group...

3. www.blg.com › en › insightsCineplex awarded $1.24 billion judgment in takeover fight - BLG

   www.blg.com › en › insights

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   Dec 15, 2021 · Cineplex did not breach the first requirement when it closed its theatres in response to government orders. The second requirement gave Cineplex flexibility to respond to this, and required Cineplex to manage its cash flow and negotiate with its suppliers and landlords.

   • Author: Graham Splawski

4. mediafiles.cineplex.com › press-releases › CineplexCineplex Provides Update on its Claim Against Cineworld

   mediafiles.cineplex.com › press-releases › Cineplex

   The Ontario Court awarded damages for breach of contract to Cineplex in the amount of $1.24 billion CDN on account of lost synergies, and $5.5 million CDN for transaction costs, exclusive of prejudgment interest.

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6. irfiles.cineplex.com › Attachments › NewItemsOntario Superior Court of Justice Rules in Favour of Cineplex

   irfiles.cineplex.com › Attachments › NewItems

   Cineworld repudiated the transaction to acquire Cineplex (the "Arrangement"). The Court awarded damages for breach of contract to Cineplex in the amount of $1.24 billion.

   • File Size: 169KB

   • Page Count: 2

7. www.hollywoodreporter.com › business › business-newsCineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com › business › business-news

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   Dec 14, 2021 · 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.

8. www.ctvnews.ca › business › cineplex-awarded-1-24Cineplex awarded $1.24B in Cineworld lawsuit | CTV News

   www.ctvnews.ca › business › cineplex-awarded-1-24

   Dec 14, 2021 · Toronto-based Cineplex announced Thursday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group...

9. People also ask

   Did Cineplex win a breach of contract lawsuit against Cineworld?

   • Toronto-based Cineplex announced Tuesday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group PLC. Judge Barbara Conway awarded damages of $1.24 billion and denied a counterclaim by Cineworld, Cineplex said.

   Cineplex wins $1.24B in damages in lawsuit with former merger partner

   www.cbc.ca/news/business/cineplex-wins-billion-damages-1.6286545

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   Did Cineworld breach the arrangement agreement?

   • The Ontario Court held that Cineworld breached the Arrangement Agreement and repudiated the transaction to acquire Cineplex. The Ontario Court awarded damages for breach of contract to Cineplex exclusive of prejudgment interest. The Ontario Court also denied Cineworld’s counterclaim against Cineplex. 2022, Cineplex filed its Notice of Cross Appeal.

   Cineplex Provides Update on its Claim Against Cineworld

   mediafiles.cineplex.com/press-releases/Cineplex - Press Release re Lift of Stay Motion Sept 28 FINAL_20220928201859_0.pdf

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   How much did Cineplex V Cineworld cost?

   • Cineplex v. Cineworld awarded $1.24 billion judgment in takeover fight | BLG In Cineplex v. Cineworld, the Ontario Superior Court awarded Cineplex $1.24 billion in damages after the U.K. company Cineworld walked away from an agreement to purchase Cineplex valued at over $2 billion.

   Cineplex awarded $1.24 billion judgment in takeover fight - BLG

   www.blg.com/en/insights/2021/12/cineplex-awarded-1-24-billion-judgment-in-takeover-fight

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   Did Cineplex breach a merger agreement?

   • Cineplex rebuffed Cineworld’s claim that it had breached the terms of their merger agreement and said it would take legal action to recover damages as the transaction did not proceed. Cineworld said it will appeal the Canadian court decision. “Cineworld disagrees with this judgement and will appeal the decision.

   Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com/business/business-news/cineplex-awarded-1-24b-in-damages-over-cineworld-takeover-suit-1235062766/

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   Did the Ontario Superior Court of Justice ruled in Cineplex's favor?

   • Cineplex says the Ontario Superior Court of Justice ruled in its favor after Regal owner Cineworld called off its planned $2.1 billion takeover of the Canadian exhibitor. 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 Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com/business/business-news/cineplex-awarded-1-24b-in-damages-over-cineworld-takeover-suit-1235062766/

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   Did Cineworld breach operating covenants?

   • In the 39-page court decision, Justice J. Conway said Cineworld had no legal grounds to terminate its deal to acquire Cineplex. “I have reviewed the alleged breaches carefully and have found that Cineplex did not breach the covenants in the arrangement agreement. It did not fail to comply with the operating covenant.

   Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com/business/business-news/cineplex-awarded-1-24b-in-damages-over-cineworld-takeover-suit-1235062766/

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10. globalnews.ca › news › 8452159Cineplex awarded $1.24 billion in damages in takeover suit ...

    globalnews.ca › news › 8452159

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    Dec 15, 2021 · Toronto-based Cineplex announced Thursday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group...