A few hours ago we reported that Diamond was objecting to Titan Publishing‘s motion to have the distributor make a decision regarding their distribution agreement. Now the Official Committee of Unsecured Creditors has chimed in objecting to part of the motion.
Titan Publishing has filed a motion for Diamond to assume or reject its distribution agreement with the publisher. You can read about that here.
The Official Committee of Unsecured Creditors has chimed in and objects to the alternative relief that would grant Titan an allowed expense claim that is speculative or otherwise based on an actual benefit to the Debtor’s estates.
Basically, they don’t think the amount Titan wants is based on anything so objects.
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Source: Graphic Policy
