Tara Deschamps / Toronto Star
Cineplex Inc. claims they have won their court battle against the UK theater giant that was due to purchase their company before the start of the COVID-19 pandemic. An Ontario Superior Court of Justice ruled in Cineplex Inc.’s favor for breach of contract against its former suitor Cineworld Group PLC. Cineplex was awarded $1.24 billion towards damages and denied a counter claim by Cineworld. Cineworld noted that the court also ruled for them to pay Cineplex $5.5 million in lost transaction costs as well. Cineworld disagrees with this ruling and plans to appeal it in court.