Circuit City, Active Media Settle $19M Adversary Case

Law360, New York (October 14, 2010, 2:40 PM EDT) -- Active Media Services Inc., an advertising broker accused by Circuit City Stores Inc. of withholding $19 million in payments originally intended to fund television commercials and other ads prior to the electronic retailer's bankruptcy, has agreed to pay $3.1 million and provide Circuit City with more than $7 million in trade credits as part of a settlement.

Notice of the deal, which also calls for the disallowance of a claim lodged by Pearl River, N.Y.-based Active Media, was docketed Wednesday in the U.S. Bankruptcy Court for...
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