Diamond Bankruptcy Court Hearing Is Now 22 Days Later

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Posted in: Comics | Tagged: Ad Hoc, diamond, Sparkle Pop

The next big hearing for the Diamond Chapter 11 bankruptcy process was meant to be on the 30th of September, but has now been delayed.

The next big hearing for the Diamond Comic Distributors, Inc. Chapter 11 bankruptcy process was meant to be on the 30th of September. Taking in the matters of the consigned inventory of comics, games and merchandise, owned by the publishers but being claimed by the debtors, as well as objections from all sides. Well, now it has been delayed until the 22nd of October. Or 22 Days Later, at 10 am in Courtroom 9−D, Baltimore, with the sitting Judge Rice, who has been presiding over this bankruptcy process. The hearing will look at the following filings:

The motion from the Ad Hoc Committee of Consignors, requiring the Diamond Debtor to assume or reject executory contracts, 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.
Back up for this from the Consignment Group. representing Dark Horse Comics, Dynamite Entertainment, Aspen, Black Mask, Dstlry, Heavy Metal, Magnetic, Massive, Oni, Panini UK, Alien Books, Graphic Mundi, Titan, and Vault.
The objection from Diamond Comic Distributors, Inc. against all these objections.
Opposition on behalf of JPMorgan Chase Bank against miscellaneous relief filed by the Ad Hoc Committee.

So yes, as predicted, this is going to go well into 2026, isn’t it?

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You can use these Diamond tabs to keep up with the latest on Bleeding Cool. Here’s a timeline if you want to catch up…

On the announcement of Chapter 11 on the 14th of January, Diamond started a 13-week bankruptcy process run by financial firm Raymond James, got financing to operate, and announced an auction for its assets.
Those assets included Diamond Comic Distribution, Alliance Gaming Distribution, Diamond Select Toys, CGA and Diamond UK
Universal Distribution was named the Stalking Horse bidder for Alliance Games and Diamond UK, which required a purchase commitment of thirty-nine million dollars, but with certain discounts and privileges for taking that position.
The auction took place, and it went late. There was food and breakfast billed for.
And Alliance Entertainment, or AENT, was named the top bidder for the assets of $72,245,000, though not for Diamond UK. This was widely announced, including by Diamond themselves.
Then we learned that a joint bid by Universal Distribution and Ad Populum came second and was named the back-up bid, with a bid of $69,130,000. With Universal getting Alliance Gaming and Diamond UK, and Ad Populum getting Diamond Comics, Diamond Select Toys and everything else. Basic Fun was third with fifty million.
Bruce Ogilvie, AENT chairman, was invited onto a podcast with comic book retailers Dennis Barger and Jesse James after, apparently, watching my performance on the Beyond Wednesdays podcast in which he talked about AENT and Diamond.
A court hearing with the Honorable Judge Rice in Courtroom 9-D at the United States Bankruptcy Court for the District of Maryland at 10 am was intended to ensure the legality of the bid and the process.
But instead, over that weekend, the debtors declared that they had chosen the back-up bid from Universal and Ad Populum instead of AENT, despite AENT having bid more. No reason was given.Diamond’s Dick Move: the
AENT filed a lawsuit regarding this decision.
It took the bankruptcy court to reverse that decision and state that AENT, with the higher bid, had won, though they would have to withdraw their lawsuit.
AENT has terminated their winning bid and purchase.
Universal Distribution and Ad Populum were back in the running
Diamond declared “business as usual” but the courts threatened Chapter 7 over late paperwork.
AENT sued Diamond, claiming fraud
Diamond says it’s all in hand and went back to court, wanting to be owned by Universal and Ad Populum.
Sale of Diamond to Universal and Ad Populum was approved by the courts.
Though Ad Populum paid more than we thought.
Podcast blamed/credited with the current state of affairs
Diamond tells Skyrush to stop claiming they won CGA.
As part of court filings, Diamond released details for every comic store on account.
We have some finality.
Ad Populum and Universal Distribution officially acquire Diamond and related assets.
The layoffs have begun.
And continue.
Diamond Select Toys has closed
Diamond try and reassure retailers over ComicSuite
Courts withdraw Chapter 7 bankruptcy threat
We look at the future of Diamond Previews again
PRH pulls out of Diamond entirely
Well, not entirely, the UK can stay.
Hermes Press says Diamond doesn’t want to distribute their comics anymore… or anyone’s.
But Diamond pushes back on that, as they publish a new Previews.
And they assure comic book stores that everything is going to be fine. Honest.
Then send a letter to publishers which looks like it isn’t
Now they are looking for more money and longer to pay it back.
Dynamite would like half a million now, please.
Udon and Manga Classic have now cancelled all Diamond orders.
Then so did Drem Productions
And PRH starts to close their special retailer joining offer
Diamond gets a fourth wave of funding and deadlines.
Philbo Distribution launches.
Alliance Entertainment hire seven senior Diamond staffers.
Universal Distribution rumoured to be hiring Diamond staffers to enter the US market.
Massive Distribution expands within Lunar
Diamond has cancelled all their PRH orders.
There are problems with Ad Populum’s first payments to comics publishers
Ad Populum sues AENT alleging breaches of confidentiality and staff poaching.
Ad Populum still ghosting publishers.
Bankruptcy timeline revealed it began in July 2024
Diamond ends cash on delivery sales
Hermes Press hires Steve Leaf
Diamond responds to Dynamite
Diamond closes No Cost Orders, sends out reminder emails to comic book stores
Boom Studios makes layoffs.
Zenescope pulls out of Diamond.
AENT Says Diamond Claim They Poached Staff “Fails As A Matter Of Law”
It’s Claimed New Diamond Owner Said He’s “Playing Chicken With Idiots”
Mike Schimmel Talks, Under Oath, About The Diamond Comics Firings
Dynamite jumps to Lunar Distribution
Diamond takes Previews digital only
Universal Distribution to distribute in the USA as well as Canada, starting with DC Comics
Conflicting Statements Over Diamond, AENT And Ad Populum Lawsuits
This Week, There Are Only Five Comics On Diamond’s FOC
Robert Gorin, Chief Restructuring Officer Of Diamond Comics, And Geek
Titan Has Not Received Payments From Diamond Comics, Stops Supplying
Fantagraphics Says That Diamond Is Holding Their Comics Hostage
Kathy Govier, Chief Marketing & Communications Officer, Out At Diamond
Confirmed, AENT Tried To Buy Diamond In October To Avoid Bankruptcy
Dynamite Pulls Their Comics Out From Diamond Comic Distributors
Diamond Moves To Liquidate All Consigned Comics “Held Hostage”
FairSquare Graphics Calls Diamond “Thieves & Bandits”, Brings Receipts
Ultimate Comics Chain Refuses To Buy Diamond Liquidation Stock
This One Trick Means Bandai Get Their Pokémon Cards Back From Diamond?
Dren Productions Want To Know If Diamond Shipped Their Recent Comics?
Publishers Have 3 Weeks To Object To Diamond Comics’ Liquidation Plans
Emily Botica, Vice President At Diamond Comics, Is Leaving Next Week
SDCC Gossip: What’s Happening With Diamond At San Diego Comic-Con?
Universal To Offer DC Comics To US Retailers At Same Lunar Discount
Comic Publishers To File Paperwork Against Diamond Comics This Week
Diamond Pulls Its Pullbox And Cancels Its ComicSuite For Comic Shops
The Exit Interviews Of Diamond Comic Distributor Staff In Full
Andrew Aiello, Tom Derby & Ben Davis Buy CGA After Diamond Bankruptcy
Dynamite Owed A Million By Diamond, Can’t Make Payroll Next Week
Ad Populum Can’t Yet Deal Directly with Diamond Consignment Vendors
As Court Denies Dynamite Over Diamond, Comic Creators Rally Round
Paizo speaks out about their Diamond troubles
TwoMorrows Legally Objects To Diamond Bankruptcy Liquidation Of Stock
Graphitti Designs & Magma Comix File Legal Paperwork Against Diamond
Dynamite, Fantagraphics, Drawn & Quarterly Team Up Against Diamond
Sealed Transcripts Over The Diamond Comics Bankruptcy Auction, Opened
Diamond’s Reason To Reject Alliance Entertainment Was Down To One Hour
AENT Claims “The Fix was Definitely in” on Diamond Bankruptcy Auction
Diamond Comics Was Already Looking For A New Buyer Back In 2023
Mad Cave Studios makes layoffs
Dynamite Signs With Simon & Schuster For Bookstore Comics Distribution
Avatar Press Joins Anti-Diamond Liquidation Publisher Coalition
Bankruptcy Court Moves Diamond Hearings Till After San Diego Comic-Con
Image Says Diamond’s Goal Is “Stealing” $3,000,000 of Comics From Them
JPMorgan Chase Reminds Diamond Comics As To Who Gets The Money
Universal Makes DC Comics Available To US Shops Via Alliance Gaming
Diamond Comics Sells Diamond UK For Over $2 Million To… Diamond UK
How A Podcast “Created A Lot Of Problems” For Diamond Bankruptcy
Diamond Comic Distributors More Than Doubles Its Shipping Prices
The Empty Spaces Of Diamond And Dsltry At San Diego Comic-Con
Alliance Claims Diamond Bankruptcy Auction “Rigged From The Beginning”
Publishers Don’t Know Who’s Selling The Comics Coming Out of Diamond
Remember, Remember, The 18th Of August For Diamond Comics Bankruptcy
Overstreet Comics Price Guide Delayed Six Months by Diamond Bankruptcy
Dynamite Fundraising Humble Bundle Last Day – $1600 Of Comics For $16
Comic Book Publishers Vs Diamond… And What’s Up With Steve Geppi?
Diamond Comics Was Losing $1.3 Million Dollars A Week This April Alone
Publishers Whose Diamond Liquidation Objections Are Not Being Heard
The Human Fly’s IPI Comics of Australia Pulls Out Of Diamond As Well
Ad Hoc Publishers Cite Precedents in Diamond Comics Bankruptcy Battle
Diamond Comics Bankruptcy Hearing On August 18th, Calls Witnesses
Has Image Settled With Diamond Over Plans To Liquidate All The Comics?
Dark Horse Joins The Consignment Group Filing Against Diamond Comics
Courts Clear At Least Three Days For The Diamond Bankruptcy Hearing
Who Had Been Selling Diamond Consignment Stock Since May 15?
Comic Book Publishers Win Round One Against Diamond Comics In Court
Terms Of Image Comics’ Legal Settlement With Diamond Comics, Revealed
Sparkle Pop Files Motion to Quash Trial Subpoena in Diamond Bankruptcy
What JPMorgan Chase Knew About Diamond Comics And When They Knew It
Diamond Comics Bankruptcy Hearing Will Continue At 2 PM Tomorrow
Diamond Bankruptcy Liquidation Hearing Continued Until September 30
Diamond’s Biggest Retailer Sale Ever With 12,000 Different Print Items
Diamond Is Holding A Million Dollars Worth Of Fantagraphics’ Comics
Diamond Must Now Act Against Each Publisher Before Liquidating Comics
Diamond Debtors vs Sparkle Pop Over “Brazen And Unauthorized Actions”
Raymond James Bills $3.8 Million In Fees For Diamond Comics Bankruptcy
Saul Ewing Wants Another $2 Million In Fees For Diamond Bankruptcy
Ad Hoc Reminds The Court Who Owns The Comics Diamond Want To Liquidate
$7.5 Million Spent On Fees In The Diamond Bankruptcy Case, Up To July
Consignment Group Joins In With Ad Hoc’s Filing Against Diamond Comics
Sparkle Pop: Diamond Debtor “All But Abandoned” Consigned Inventory
Diamond Debtors Dispute Sparkle Pop Claims And Cite Bleeding Cool
Diamond Comics Chapter 11 Bankruptcy To Extend Into 2026
Now Diamond Comics, The Debtor Is Suing All The Comic Book Publishers
Diamond UK To Hold A Comics Retailer Panel at MCM London Comic Con
After 37 Years, Diamond Kills Previews Catalog, Lays Off Staff
Gossip: Sparkle Pop/Ad Populum Plans To Sell Off Free Comic Book Day
Diamond UK Confirms Management Buyout And Their Plans Going Forward
Staffer: Diamond “Will Not Last Much Longer, Maybe… End Of The Year”