Ad Hoc Archives

And the publishers – via the Ad Hoc Committee, representing Ablaze, American Mythology Productions, Avatar Press, Battle Quest Comics, Action Lab, Drawn & Quarterly, Fantagraphics, Green Ronin, Hermes Press, Living the Line, Paizo, Udon and Zenescope, with more on the way – made their own objection, as previously covered by Bleeding Cool to Sparkle Pop's[...]

The Ad Hoc Committee of Creditors' subpoena requiring Sparkle Pop to produce a witness to testify at the upcoming hearing on the Diamond Debtors' motion to sell consigned inventory has been quashed by the courts The Ad Hoc Committee is made up of Ablaze, American Mythology Productions, Avatar Press, Battle Quest Comics, Action Lab, Drawn[...]

Who had been trying to liquidate all the stock held on consignment for the owners, the publishers, with the proceeds not going to the publishers, but to the banks. Bleeding Cool specifically reported that the Ad Hoc Committee's Motion to Stay against Diamond had been granted, which meant that the liquidation motion had been halted until[...]

JP Morgan Chase, one of the largest financial institutions in the world and a secured creditor, and their debtor, Diamond, is now trying to legally seize all the books held on consignment and owned by us, and, through the arcane chicanery of bankruptcy law, liquidate them, bypassing any obligation to pay the publishers." That is the[...]

At issue before the court today, again, was the Ad Hoc Committee's Motion Seeking Entry of an Order Requiring the Debtors to Assume or Reject Executory Contracts As their filing states, this is viewed by the publishers as a key step in their efforts to obtain the return of the consignment inventory No decision was[...]

The motion, filed on Sunday, the 17th of August, ahead of yesterday's hearing, continuing today, claims the Ad Hoc Committee representing publishers Ablaze, American Mythology Productions, Avatar Press, Battle Quest Comics, Action Lab, Drawn & Quarterly, Fantagraphics, Green Ronin, Hermes Press, Living the Line, Paizo, Udon and Zenescope, has issued an insufficient and untimely demand[...]

Specifically, the Ad Hoc Committee's Motion to Stay against Diamond has been granted, according to a court docket entry this evening This means that the liquidation motion is halted until the matter moves into adversary proceedings.  The Debtor will now have to sue each and every consignment vendor, publisher, and manufacturer whose stock they hold[...]

The current hearing in Baltimore for Diamond Comic Distributors' chapter 11 bankruptcy case concerns a number of comic book publishers who object to the recent plans of the Diamond Comic Distributors, the debtors, to sell the stock owned by publishers on consignment to raise money to pay off the bank loans, not the publishers. But according[...]

Diamond has been opposing motions filed by Humanoids, the Ad Hoc Committee of Consignors, the Game Manufacturers Association, the Consignment Group, and Cryptozoic Entertainment, all representing dozens of comic book publishers and game manufacturers, to stop, challenge or delay any such liquidation And there is a big hearing about it all planned for this Monday,[...]

The Ad Hoc Committee Of Consignors is made up of comic book publishers Ablaze, American Mythology Productions, Avatar Press, Battle Quest Comics, Action Lab, Drawn & Quarterly, Fantagraphics, Green Ronin, Hermes Press, Living the Line, Paizo, Udon and Zenescope, all owed money and stock by Diamond And they will be calling to the stand, a representative[...]

The Ad Hoc Committee of Consignors, a legal body made up of comic book publishers Ablaze, American Mythology Productions, Avatar Press, Battle Quest Comics, Action Lab, Drawn & Quarterly, Fantagraphics, Green Ronin, Hermes Press, Living the Line, Paizo, Udon and Zenescope, have added to their case against Diamond Comic Distributors in the bankruptcy courts The[...]

Namely, the debtors intend to sell all the consigned stock owned by the publishers to settle their debts with the JPMorgan Chase bank, funding the bankruptcy. Well it seems the courts are only allowing those who have their own legal representation in this matter, such as Image Comics, or those who have banded together, such as[...]

The hearing will address Diamond Comic Distributors' liquidation motions for the sale or disposition of the consigned comic books, games and toys, owned by hundreds of publishers, to benefit the banks. Also to be addressed at this hearing will be the Ad Hoc Committee's motion that Bleeding Cool just reported on, the Ad Hoc Committee's original[...]