Movie Gallery Inc. (fka MVGRQ)

[Teammoga]

Movie Gallery plan cleared; expects to exit bankruptcy

By Robert Daniel
Last update: 1:38 a.m. EDT April 10, 2008Print
TEL AVIV (MarketWatch) -- Movie Gallery Inc., (MOVIQ:Movie Gallery Inc
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Last: 0.01+0.00+30.00%

1:15pm 04/15/2008
MOVIQ 0.01, +0.00, +30.0%) the Dothan, Ala., entertainment-retailing chain, said that its reorganization plan was approved by the U.S. Bankruptcy Court in Richmond, Va., and that it expects to emerge from bankruptcy-law proceedings early in the second quarter. The current shares of Movie Gallery were canceled in the reorganization. Movie Gallery has almost 3,500 stores in all 50 states and Canada under the names Movie Gallery, Hollywood Video and Game Crazy.

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