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Diamond Told Skyrush To Cease & Desist Over Claiming They'd Won CGA

Diamond Comics lawyers told Skyrush to cease and desist over claiming they'd won CGA in the bankruptcy auction


During the Chapter 11 Bankruptcy, Skyrush Marketing of New York City and Long Island posted a press release saying that they had been selected as the highest bidder for Collectable Grading Authority (CGA), the Diamond-owned collectables grading business in the Chapter 11 bankruptcy auction for Diamond Comic Distributors.

"We have avid collectors on staff who understand both the historical significance and future potential of CGA," said Dave Thomas, COO of Skyrush Marketing. "It's a company with an outstanding reputation. Collectors around the world trust it to grade and preserve their most valuable collectables. We have a deep, intimate knowledge of the business and the community it serves." But Skyrush states that they were "confident that under its leadership, the integrity of CGA and its respected staff could be preserved, while giving the brand the resources it needs to grow exponentially. However, despite being the highest bidder for Lot A, CGA was also bundled into a separate, all-encompassing lot covering the entirety of Diamond's assets. If CGA is awarded to another party, we hope they share a deep appreciation for the collector community and are committed to preserving the standards and trust CGA has built over the years."

The logo for Skyrush Marketing, featuring stylized text and a circular graphic element, is displayed against a dark background. The text is highlighted in vibrant colors, emphasizing its digital marketing focus.
Skyrush Marketing logo.

So had they won or hadn't they? Alliance Entertainment was declared the high bidder for the entire lot, even though Diamond preferred the second-highest bidder, and then declared them the winners, Universal Distribution and Ad Populum. But it seems that Skyrush had been given the Sky brush off. They continued;

"Regardless of the final outcome, Skyrush remains deeply committed to the collector community. The company will continue to pursue strategic ventures that support, protect, and grow the collecting hobby. Above all, Skyrush hopes for the very best for CGA and its dedicated team." Skyrush submitted an objection over the sale of Collectable Grading Authority (CGA), claiming they had bid $1.65 million for CGA, but it seemed to be dismissed, as other, bigger players were throwing around figures from fifty to eighty million for the whole kaboodle.

As we have mentioned, Bleeding Cool has been poring over the costs submitted by lawyers during the bankruptcy period. Late March saw a bill filed for $5095 over the reading and sending of emails that included the Skyrush objection, with another $322 for additional emails with G. Finizio, D. Shaffer, and others regarding the Skyrush situation. Another $454 was spent reviewing a memo regarding Skyrush's objection to the debtors' sale and the response, and more reviewing the Skyrush press release. On the 30th of March, a cost was filed of $487 for drafting a Skyrush cease and desist letter.

Well, it seems to have worked. The claim is no longer on the Skyrush website … though it is still up on a number of press release sites. You can use these Diamond and bankruptcy tags to keep up with the latest on Bleeding Cool.


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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from The Union Club on Greek Street, shops at Gosh, Piranha and FP. Father of two daughters. Political cartoonist.
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