Lions Gate Asks Court To Reconsider Blockbuster Sale

Law360, New York (April 28, 2011, 10:43 PM EDT) -- Lions Gate Films Inc. on Thursday asked a New York bankruptcy judge to reconsider the $320 million sale of Blockbuster Inc. to Dish Network Corp., saying the court overlooked its objections to the deal that nixed a revenue sharing agreement for movie rentals.

U.S. Bankruptcy Judge Burton R. Lifland found that Lions Gate lacked standing to make the objection immediately before he signed a last-minute order tweaking the deal Tuesday, according to court documents. The judge said Lions Gate waived any right to oppose the sale...
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