bankruptcy Archives

Diamond Comic Distributors Inc., the debtors in the Diamond Chapter 11 bankruptcy case, have been filing records of payments they have made in the bankruptcy from the beginning of the year up to the end of July. In that period, they paid financial services company Raymond James Financial $459,831, financial service company Getzler Henrich & Associates[...]

This stance echoes Ad Hoc's earlier objections in the case, emphasising that the goods were delivered on consignment and remain their property under bankruptcy laws Diamond Debtors sought to enforce the automatic stay, a bankruptcy provision halting certain actions against the debtor, and the sale order, while also requesting damages from Sparkle Pop for the[...]

Bleeding Cool has been informed that the current Diamond Comic Distributors Chapter 11 bankruptcy hearing, which began yesterday and continued through today, has finished for the day And will continue tomorrow, at the Bankruptcy Courts of Baltimore, Maryland, tomorrow from 2pm.  No matters were decided by the court today.  Motions on the Diamond UK sale[...]

The Baltimore bankruptcy courts have cleared the schedule for the big Diamond Comic Distributors Chapter 11 bankruptcy case, which just kicked off today Previously, Judge David E Rice, who has been hearing the case, including the sale of Diamond UK to its management team, concluded the hearing on the 5th of August, saying; "We presently have[...]

Bleeding Cool previously reported on a series of filings from many comic book publishers, the Baltimore bankruptcy courts dealing with the Chapter 11 bankruptcy proceedings of Diamond Comic Distributors And all regarding whether or not Diamond Comic Distributors Inc., the debtors in this case, can liquidate the consignment stock they hold, belonging to hundreds of[...]

Thanks to the US Bankruptcy courts unsealing transcripts, we have been looking at previous courtroom activity over the Diamond Comic Distributors Chapter 11 bankruptcy process That includes a blow-by-blow take on the bankruptcy timeline by Mark Minuti from the legal firm Saul Ewing, representing Diamond Comic Distributors, the debtors of the Chapter 11 bankruptcy And[...]

In a recent filing in the United States Bankruptcy Court, Diamond Comic Distributors has objected to a motion by comic book publisher Dynamite Entertainment, which sought to define certain moneys owed by Diamond, to wit $509,114.21, as an administrative claim And thus more easily and quickly payable and granted priority over other claims in the[...]

The United States Bankruptcy Court has approved the latest amendment to the Debtor-in-Possession (DIP) Credit Agreement between Diamond Comic Distributors, its debtors, and JPMorgan Chase Bank This means that Diamond Comic Distributors can keep going under Chapter 11 bankruptcy protection, even though it was just bought by Ad Populum in a bankruptcy auction And maybe[...]

For Graphic Novels, Manga, Art books, and Manga Classics titles, please order through our new distribution partner Simon and Schuster. A message to UDON's Fans: We're sorry for all of the uncertainty and stress that the ongoing Diamond bankruptcy situation is causing you! We hope to continue to make our comics and books available to you[...]

Dynamite Entertainment has filed new paperwork with the US Bankruptcy Courts regarding the Chapter 11 bankruptcy of Diamond Comic Distributors, now bought by Ad Populum Dynamite is claiming that payments that should have been made over the last few weeks, for comic books and merchandise delivered, should be counted as "administrative expenses" Dynamite claims the[...]

Last week, Diamond Comic Distributors filed a motion in the United States Bankruptcy Court, regarding their access to a special loan they took to keep their business running during their Chapter 11 bankruptcy process This loan, called a Debtor-in-Possession (DIP) Credit Agreement from JPMorgan Chase Bank, was for a maximum amount of $5.8 million and[...]

In January, Diamond declared bankruptcy but continued to operate This past weekend, as some may be aware, Diamond laid off most of their employees, effectively halting distribution of our products and many others Good news – we are still waiting on final arrival of George Wilson, Phantom 34, and the Dark Shadows Paper Doll book[...]

Earlier this year, Image Comics pulled out entirely from Diamond as well as DC, as Diamond declared Chapter 11 bankruptcy But now, as Ad Populum has bought Diamond, and is beginning to make layoffs as they merge their companies together, Penguin Random House has dropped the other shoe In a letter sent to retailers, they[...]

In April, Bleeding Cool reported that the US Bankruptcy courts of Baltimore had issued new paperwork for Diamond Comic Distributors to move it from Chapter 11 bankruptcy to Chapter 7 bankruptcy In layman's terms, that means moving from attempting to legally reorganise Diamond Comics to be an ongoing company again to liquidating its assets and[...]

But after this week's court hearings, Universal Distribution LLC and Ad Populum have officially completed the acquisition of Diamond Comic Distributors and their related assets, such as Alliance Gaming, Diamond Select Toys, Diamond Book Distributors, CGA, and more, after a controversial Chapter 11 bankruptcy process. So, who gets what? As agreed, Canadian comics and games distributor[...]

Earlier today, Bleeding Cool pointed out that tomorrow the finalising of the sale of Diamond Comic Distributors to Ad Populum, and of Alliance Gaming to Universal Distributors, as part of Chapter 11 bankruptcy proceedings, will be finalised And while finalizing that sale on May 14, 2025, is still the plan according to documents filed today,[...]

But tomorrow, the sale of Diamond Comic Distributors to Ad Populum, and Alliance Gaming to Universal Distributors, will be finalised, and the company will begin to exit Chapter 11 bankruptcy and stay far, far from Chapter 7 bankruptcy That is, of course, if nothing goes wrong. Bleeding Cool understands that we are not to expect any[...]

It's a hard life being a bankruptcy lawyer But there are compensations As part of the current Diamond Comic Distributors Chapter 11 bankruptcy proceedings, all lawyers and legal firms have been hired for one part of the proceedings or another Lowenstein Sandler, co-counsel to the Official Committee of Unsecured Creditors, is billing half a million[...]

As part of their filings for Chapter 11 bankruptcy, Diamond Comic Distributors has been filing all manner of procedural forms, reports, contracts and legal statements It also seems that all comic book retailers with a Diamond account have also received them, whether by post or e-mail Which also means that this action has to be[...]

Last week, Bleeding Cool reported court filings in the Chapter 11 bankruptcy proceeding of Diamond Comic Distributors that detailed the purchase by the now-winning bidders, Universal Distribution and Ad Populum/Sparkle Pop That Universal will pay almost $50 million plus or minus a few other factors, and would own Diamond's Alliance Game Distributors, with a separate[...]

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[...]

When the Diamond Chapter 11 Bankruptcy auction at Raymond James offices was finalised, the winner was announced as Alliance Entertainment/AENT Bruce Ogilvie, AENT chairman, was then invited onto a podcast with comic book retailers Dennis Barger and Jesse James after, apparently, watching my performance on the Beyond Wednesdays podcast the previous week, talking about the Diamond situation[...]

Diamond Comics has been sold but who gets what? And what about Diamond UK? And don't forget those lawsuits....

Bleeding Cool told you that a new hearing in the Diamond Comic Distributors Chapter 11/Chapter 7 bankruptcy case was taking place in the Baltimore courts today, even if the main issue they were meant to be hearing had changed significantly since it was filed. Reports from the court state that, quite simply, the Baltimore Bankruptcy Court[...]

The Diamond Comic Distributors bankruptcy situation hit the courts again today And while we are waiting to find out what, if anything, happened, here's some reaction from comic book retailers, publishers, creators, collectors, readers, and Diamond employees themselves of events over recent days… You can use these Diamond and bankruptcy tags to keep up with the[...]

Today, Diamond Comic Distributors is back in court, looking at old business with Judge Rice in the Baltimore bankruptcy court, at  10.30am Central time This session was originally meant to look at the Alliance Entertainment (or AENT) purchase of Diamond Comics Of course, since that meeting was arranged, this has changed AENT has pulled out[...]

Yesterday, Bleeding Cool reported on filed paperwork by the Baltimore bankruptcy courts to turn Diamond Comic Distributors' Chapter 11 bankruptcy proceedings trying to rescue the company, to Chapter 7 bankruptcy, liquidating the company's assets and closing it down The hearing is set for a month's time, and the reasons cited are that Diamond Comic Distributors[...]

The US Bankruptcy courts of Baltimore have issued new paperwork for Diamond Comic Distributors to move it from Chapter 11 bankruptcy to Chapter 7 bankruptcy In layman's terms, that means moving from attempting to legally reorganise Diamond Comics to be an ongoing company again to liquidating its assets and closing it down for good. The official[...]

Why did Alliance Entertainment or AENT terminate its agreed and won purchase of Diamond Comic Distributors? Under Chapter 11 bankruptcy, and based on court documents, there are only a few reasons it would be allowed to And Bleeding Cool is going to go through them all and share some of out thoughts on the matter. To[...]

Yesterday, Bleeding Cool ran the news that pop culture distributor Alliance Entertainment or AENT were cancelling their high eight-figure planned purchase of Diamond Comic Distributors, despite winning the Chapter 11 bankruptcy auction and having the courts confirm their right to purchase when Diamond's debtors stated they preferred a lower bidder, Universal Distribution/Ad Populum. Emily Boticas, Vice[...]