Lionsgate has filed an application with the British Columbia Court Of Appeal to appeal the British Columbia Securities Commission’s (BCSC) decision on Tuesday to cease trade the Lionsgate shareholder rights plan.

The Court Of Appeal will hear the application on May 3. The Lionsgate board has rescheduled the special meeting of shareholders for May 12.

  • Earlier in the day the studio confirmed it would release its eleventh Tyler Perry film, Tyler Perry’s Madea’s Big Happy Family, on April 22, 2011.