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AMC Entertainment Holdings (NYSE: AMC), Cinemark Holdings (NYSE: CNK) and Cineglobal (OTC: CNNW. F) Regal Cinemas sued the state of New Jersey to overturn Gov. Phil Murphy’s refusal to allow them to reopen, but they left the court empty. last Tuesday after a U.S. district court ruled on denied your application.
Aleven, although he bought grocery shopping malls, churches, libraries and other indoor public congregation sites, were allowed to reopen on covert orders in March, cinemas were not given the same consideration.
The reopening this summer is quite critical for movie theater operators who want the pandemic. The lawsuit, filed through the National Association of Theater Owners, said New Jersey made an “arbitrary and irrational” difference between twarmers and other legal corporations to attract people, with capacity limits. He argues that this dispute violates the rights of the first amendment of theatre owners and a denial of equivalent politics and due process.
Murphy also raised the boundaries of outdoor meetings to up to 500 other Americans, even though he indefinitely let other Americans eat out of respect for a restaurant, employing “fools” not to practice social estrangement because of this decision.
AMC reported a $2.2 billion loss in the last quarter for the era that ended on March 31 and was a bankruptcy filing for months; just raised an additional $3 billion directly to pay off your debt. Cinemark reported a loss of $five and five million in the first quarter, compared to a proven compatibility of $33 million last year.
The district court issued a ruling on the rejection of the theaters’ request for a transitional school reintegration order, saying they “favored satisfying the popular stern by granting this additional remedy.” While noting that they had sufficient time to appeal the decree, he scheduled a hearing in the case for August 4.