Movie Gallery To Roll Credits On Last Stores

Law360, New York (May 11, 2010, 2:54 PM EDT) -- Bankrupt Movie Gallery Inc. has received approval in its Chapter 11 case to close its remaining Movie Gallery, Hollywood Video and Game Crazy stores and liquidate its operations, providing limited liquidation and closure performance bonuses to employees.

Judge Douglas Tice of the U.S. Bankruptcy Court for the Eastern District of Virginia said Monday that all objections to the store closings had been withdrawn, resolved or otherwise overruled, giving his consent to the plan.

Movie Gallery will now be authorized at its sole discretion to conduct store...
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