Main Menu

Law360: Regal Cinemas Inc. Objects to VIP Cinema’s Plan of Reorganization in Wake of Health and Economic Crisis

News & Media Mentions

March 24, 2020
Law360

Brett Fallon of Morris James LLP and Austin McMullen of Bradley Arant Boult Cummings LLP, representing creditor Regal Cinemas Inc. in the VIP Cinema Holding bankruptcy, have objected to VIP Cinema’s plan of reorganization. Regal Cinemas is a subsidiary of the world's second-largest cinema group, and operates 7,210 screens at 550 theaters in the U.S., American Samoa, Guam, and Saipan. Regal purchased roughly 676,000 recliners and accessories from Debtor VIP for about $40 million. Regal Cinemas Inc. objected to VIP Cinemas Holding Inc.'s bankruptcy reorganization, explaining that the plan was proposed on February 18th, before the current economic and public health crisis developed, and that economic developments since then have rendered the plan unconfirmable.

View the full story on Law360 and Bloomberg Law.

Back to Page