Imax Corp., PwC Canada Lose Motions To Dismiss

Law360, New York (September 17, 2008, 12:00 AM EDT) -- A judge has rejected motions from entertainment technology company Imax Corp. and the Canadian arm of PricewaterhouseCoopers International Ltd. that asked the court to throw out a consolidated putative class action securities complaint over allegedly false and misleading statements regarding Imax's accounting of theater system revenue.

U.S. District Judge Naomi Reice Buchwald signed off on a 30-page memorandum and order on Monday denying separate motions to dismiss that were filed by Imax and PricewaterhouseCoopers LLP — an Ontario limited liability partnership — in December 2007....
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