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- 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.
Dec 23, 2021 · Cineworld, released on December 14, 2021, Justice Conway of the Commercial List concluded that Cineplex’s deferrals of payments to landlords, studios, and suppliers in March through May 2020 were not in breach of a covenant requiring Cineplex to operate in the Ordinary Course until closing.
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...
Dec 15, 2021 · The ruling - from The Ontario Superior Court Of Justice - indicates that Cineplex won the damages for breach of contract and, as a result, has been awarded CAD$1.24 billion (US$965 million).
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...
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.
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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.
