READING INTERN., INC. v. OAKTREE CAPITAL MANAGEMENT LLC

No. 03 CV. 1895(GEL).

317 F.Supp.2d 301 (2003)

READING INTERNATIONAL, INC.; Citadel Cinemas, Inc.; and Sutton Hill Capital, LLC, Plaintiffs, v. OAKTREE CAPITAL MANAGEMENT LLC; Onex Corporation; Regal Entertainment Group; United Artists Theatre Company; United Artists Theatre Circuit, Inc.; Loews Cineplex Entertainment Corporation; Columbia Pictures Industries, Inc.; The Walt Disney Company; Universal Studios, Inc.; Paramount Pictures Corporation; Metro-Goldwyn-Mayer Distribution Company; Fox Entertainment Group, Inc.; Dreamworks LLC; Stephen Kaplan; and Bruce Karsh, Defendants.

United States District Court, S.D. New York.

December 10, 2003.


Attorney(s) appearing for the Case

Stephen M. Axinn, Axinn, Veltrop & Harkrider LLP, New York, New York (Lauren S. Albert, Michael L. Keeley, on the brief) for the plaintiffs.

Glenn D. Pomerantz, Andrew C. Finch, Munger, Tolles & Olson LLP, Los Angeles, CA; Cyrus Amir-Mokri, Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York, for defendants Oaktree Capital Management, Stephen Kaplan and Bruce Karsh.

David S. Copeland, Kaye Scholer LLP, New York, New York (Fredric W. Yerman, Karin E. Garvey, Mark S. Popofsky, on the brief); Matthew P. Previn, Wilmer, Cutler & Pickering, New York, New York (A. Douglas Melamed, IJay Palansky, Jeffrey D. Ayer, Yaa A. Apori, Washington, DC, on the brief) for defendants Onex Corporation, Regal Entertainment Group, United Artists Theatre Circuit, Inc., and Loews Cineplex Entertainment Corp.

Kenneth R. Logan, Olivier N. Farache, Simpson, Thacher & Bartlett New York, New York (Sanford Litvack, Joanna Swomley, Quinn Emanuel Urquhart Oliver & Hedges, LLP, New York, New York; William E. McDaniels, John E. Schmidtlein, Williams & Connolly LLP, Washington, DC, on the brief) for distributor defendants.1

R. Hewitt Pate, Assistant Attorney General, Deborah P Majoras, Deputy Assistant Attorney General, (Catherine G. O'Sullivan, Steven J. Mintz, Ralph T. Giordano, on the brief), U.S. Department of Justice, Antitrust Division for the United States as amicus curiae.


OPINION AND ORDER

LYNCH, District Judge.

Plaintiff Reading International, Inc. ("Reading"), its subsidiary, Citadel Cinemas, Inc. ("Citadel"), and Sutton Hill Capital, LLC ("Sutton Hill") (collectively, "plaintiffs" or "the Village East"), respectively the owner, operator, and landlord of the Village East Cinema in Manhattan, bring this complaint under federal and New York State antitrust laws against...

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