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here ’s the failure missive that diamond comic distributors get off to debitor about the vendue .
clause Summary
IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF MARYLAND ( Baltimore Division )
This was in re : diamond comic distributors , inc. , et al .
,debtors¹
casing no .
25 - 10808 ( der)chapter 11(jointly lot )
how to dispense
in re : diamond comic distributors , inc. , et al .
,debtors¹
casing no .
25 - 10808 ( der)chapter 11(jointly administer )
Re : D.I.
146
observance OF sales event , BIDDING PROCEDURES , AUCTION , AND SALE tryout
PLEASE TAKE NOTICEthat , on January 14 , 2025 ( the " Petition Date " ) , the above - caption debitor and debitor in self-will ( jointly , the " debtor " ) register a voluntary prayer for succor under chapter 11 of rubric 11 of the United States Code ( the " Bankruptcy Code " ) in the United States Bankruptcy Court for the District of Maryland ( the " Court " ) , start these chapter 11 casing .
This was please take further noticethat , on january 21 , 2025 , the debtors lodge a move ( d.i.
68 ) ( the " bidding procedures motion " ) seek ledger entry of an ordering ( the " bidding procedures ordination " ) ( i ) authorize and sanction bid procedure ( the " bidding procedure " ) in connecter with one or more gross sales or disposition ( together with , the " sale(s ) " ) of the alliance assets , diamond uk assets , and all other asset of the debtors ( conjointly , the " assets " ) , ( ii ) empower sure bid protections , ( iii ) found sure escort and deadline for the sales event operation , ( iv ) schedule the vendue ( the " auction sale " ) and the cut-rate sale audience ( the " sale sense of hearing " ) in joining with the sale(s ) , ( v ) sanction the sort and mode of card of the auction , the sale , and the sale hearing , ( vi ) approve subroutine for the august 15 and assigning of sure executory contract and unexpired letting in connectedness with the sales event and sanction the word form and style of card therefrom , and ( vii ) allot related to stand-in .
PLEASE TAKE FURTHER NOTICEthat , bond hereto asSchedule 1 , is a verbal description of the Assets for sales agreement in connectedness with the Debtors ' declare oneself sales agreement procedure .
¹The Debtors in these chapter 11 casing , along with the last four dactyl of the Debtors ' Union revenue enhancement recognition bit , are : Diamond Comic Distributors , Inc. ( 3158 ) ; Diamond UK Holdings , LLC ( 6585 ) .
This was the debtors ' posting savoir-faire is : 10150 york road , suite 300 , hunt valley , maryland 21030 .
capitalise terminal figure not define in this notification are used as limit in the Bidding Procedures Motion or the Bidding Procedures , as applicable .
PLEASE TAKE FURTHER telling
dissent to the Sale(s ) or demeanor of the Auction .
If any , must ( i ) be in authorship , ( ii ) body politic with specialness the earth for the remonstrance , ( iii ) adjust to the Bankruptcy Rules and the Local Bankruptcy Rules , ( iv ) be lodge with the Court by the Sale Objection Deadline or the Adequate Assurance Objection Deadline , as applicable , and ( fin ) be suffice on the succeed party : ( a ) purpose direction to the Debtors , Saul Ewing LLP , 1001 Fleet Street , 9th Floor , Baltimore , MD 21202 , Attn : Jeffrey C. Hampton ( jeffrey.hampton@saul.com ) and Adam H. Isenberg ( adam.isenberg@saul.com ) ; ( b ) guidance to the Stalking Horse Bidder , Pepper Hamilton LLP , 1313 Market Street , Suite 5100 , Wilmington , DE 19801 , Attn : Paige N. Topper ( topperp@pepperlaw.com ) ; ( coulomb ) counselling to the DIP Lender , Troutman Pepper Locke LLP , 1111 Market Street , Suite 2300 , Wilmington , DE 19801 , Attn : Jonathan W. Young ( jonathan.young@troutman.com ) ; ( d ) propose guidance to the Committee , ( i ) Lowenstein Sandler LLP , 1251 Avenue of the Americas , New York , NY 10020 , Attn : Bruce S. Nathan ( bnathan@lowenstein.com ) and Gianfranco Finizio ( gfinizio@lowenstein.com ) , ( ii ) Tydeco Ventures LLC , 300 E. Pratt St. , Suite 901 , Baltimore , MD 21201 , Attn : Marybeth Stephenson ( marybeth.stephenson@tydeco.com ) , and Denis J. Shaffer ( denis.shaffer@tydeco.com ) ; and ( atomic number 99 ) any Successful Bidder(s ) .
issue OF failing TO TIMELY Indian file storage locker AN dissent
ANY PARTY WHO conk out TO MAKE A TIMELY SALE remonstrance OR dissent connect TO THE IDENTITY OF THE SUCCESSFUL BIDDER(S ) ( OTHER THAN THE STALKING HORSE BIDDER ) OR ADEQUATE ASSURANCE OF time to come carrying out BY THE SUCCESSFUL BIDDER(S ) ON OR BEFORE THE SALE OBJECTION DEADLINE OR ADEQUATE ASSURANCE OBJECTION DEADLINE , AS APPLICABLE , IN accordance of rights WITH THE BIDDING PROCEDURES ORDER , MAY BE evermore bar FROM put forward ANY SALE remonstration , let in WITH deference TO THE transfer of training OF THE asset innocent AND CLEAR OF ALL LIENS , CLAIMS , interference AND OTHER INTERESTS .
sales agreement Free and Clear
The Sale(s ) will be gratuitous and vindicated of , among other matter , any claim arise from any behaviour of the Debtors prior to the mop up of the Sale(s ) , whether know or unnamed , due or to become due , sheer or detail , incipient or otherwise , long as such title move up out of or associate to issue pass prior to the ending of the Sale(s ) .
consequently , as a outcome of the Sale(s ) , the Purchaser(s ) will not be a replacement to the Debtors under any possibility of practice of law or fairness , and the Purchaser(s ) will have no indebtedness , except as expressly provide in any Sale Order or Asset Purchase Agreement , for any spleen , claim , incumbrance and other interest against or in any of the Debtors under any hypothesis of jurisprudence , include heir indebtedness hypothesis .
incur extra selective data
Copies of the Bidding Procedures Motion , the Bidding operation , the stalk Horse Agreement and all other document register with the Court , are useable liberal of electric charge on the Debtors ' vitrine selective information site , locate at https://dm.epiq11.com/case/diamond-3721 , or can be call for by visit the Debtors ' call and noticing factor Omni Agent Solutions , at 866 - 751 - 0554 ( U.S. & Canada ) price detached or 818 - 639 - 5749 ( International ) .
FAILURE TO ABIDE BY ANY OF THE BIDDING PROCEDURES , THE BIDDING PROCEDURES monastic order OR ANY OTHER rescript OF THE courtyard IN THE CHAPTER 11 typeface MAY ensue IN THE REJECTION OF YOUR BID .
This was date : february 18 , 2025saul ewing llp
by : /s/ jordan d. rosenfeldjeffrey c. hampton ( admit pro hac vice)turner n. falk ( admit pro hac vice)1001 fleet street , 9th floorbaltimore , md 21202telephone : ( 410 ) 332 - 8600email : jordan.rosenfeld@saul.com
-and-
jeffrey c. hampton ( admit pro hac vice)adam h. isenberg ( admit pro hac vice)turner n. falk ( acknowledge pro hac vice)1500 market street , thirty-eighth floorphiladelphia , pa 19102telephone : ( 215 ) 972 - 7770email : jeffrey.hampton@saul.comadam.isenberg@saul.comturner.falk@saul.com
mark minuti ( accept pro hac vice)paige n. topper ( admit pro hac vice)1201 n market street , suite 2300wilmington , de 19801telephone : ( 302 ) 421 - 6800email : mark.minuti@saul.compaige.topper@saul.com
nominate counsel for debtors and debtors in self-will
schedule 1
savor this ?
This was please divvy up on societal sensitive !
