Cineworld Cleared to Exit Bankruptcy, Slash $4.5 Billion of Debt.

(Bloomberg) -- Cineworld Group Plc, the parent company of Regal Cinemas, was cleared to exit bankruptcy and slash billions of dollars in debt after nine months in Chapter 11 protection. The bankruptcy cost Chief Executive Officer Mooky Greidinger and his brother, deputy CEO Israel Greidinger as much as $1 billion, because they were Cineworld's biggest shareholders, a lawyer for the company said in the hearing. [Extracted from the article]