Cineworld Boss Mooky Greidinger Handed 6-Month Suspended Sentence And $28,000 Fine In Israel
deadline.comMooky Greidinger, CEO of exhibition giant Cineworld, has been handed a six-month suspended prison sentence and a £23,000 ($28,000) fine by Israeli officials over a breach of anti-trust law.
The suit was brought by the local competition authority which 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.
A regulatory filing to the London Stock Exchange by the company Monday stated that Cineworld agreed with the Israeli Anti-Trust Authority that it was in breach.
The court fined Forum Film £150,000 ($184,000) and held Greidinger indirectly responsible for “ failing to prevent such breach.” Greidinger was given a £23,000 ($28,000) fine alongside a six-month suspended prison sentence conditional on him not having any further anti-trust offenses in the next 24 months.
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