Cineworld and its CEO, Mooky Greidinger, have been found guilty by an Israeli court of infringing merger conditions dating back to 2010 over the supply of films to a movie theater in Tel Aviv. A su…
, have been found guilty by an Israeli court of infringing merger conditions dating back to 2010 over the supply of films to a movie theater in Tel Aviv. A suit brought by the local competition authority argued that Cineworld’s local distributor, Forum Film, did not provide eight movies over a ten-year period to the Tel Aviv-based Lev Cinema. The court found in favor of the plaintiffs this week with a fine to be set in October.
The Lev Cinema in Tel Aviv claimed that it was not provided with eight movies over the course of the intervening 10 years, and a court case ensued — which ultimately was shifted to criminal charges instead of a typical litigation settlement. This week, the court approved a plea bargain, and convicted Forum Film of not supplying the eight movies; in addition, the court convicted Greidinger for not supervising the company in a way that would have prevented the lack of supply. At the same time, two managers from Forum Film were deleted from the case.
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