Court Moves on Some Motions in Diamond’s Chapter 11 Drama

We’re expecting a wave of motions and court maneuvers today when it comes to Diamond‘s Chapter 11 process. A proceeding memo was released earlier today With a lot of orders and motions with two granted and two approved. You can catch up with what’s going on here.

Below is what’s been granted and what’s approved as well as the original document.

Granted

Motion to Shorten Time for Notice of Debtors’ Motion for Entry of Orders Authorizing the Sale of Substantially All of the Debtors’ Assets to the Back-Up Bidders Pursuant to the Bidding Procedures Order Filed by Diamond Comic Distributors, Inc.

Motion to Approve Stipulation/Settlement Debtors Motion for Entry of an Order Approving Third Stipulation Between Debtors and JPMorgan Chase Bank, N.A., Amending DIP Credit Agreement. Notice Served on 4/30/2025, Filed by Diamond Comic Distributors, Inc. Responses due by 5/21/2025.

Approved

Motion Debtors’ Motion for Entry of Orders Authorizing the Sale of Substantially All of the Debtors’ Assets the Back-Up Bidders Pursuant to the Bidding Procedures Order Filed by Diamond Comic Distributors, Inc.

Motion to Shorten Time Debtors Motion to Shorten Notice of the Debtors Motion for Entry of Order Approving Third Stipulation Between Debtors and JPMorgan Chase Bank, N.A. Amending Dip Credit Agreement Filed by Diamond Comic Distributors.