Anderson Affiliates Can't Remove $100M Clawback Suit

Law360, New York (May 22, 2012, 3:09 PM EDT) -- A Delaware bankruptcy judge on Tuesday turned down a request by affiliates of defunct magazine wholesaler Anderson News LLC to withdraw an adversary proceeding seeking to claw back potentially more than $100 million from the affiliates.

U.S. District Judge Leonard P. Stark said the relief requested wasn't warranted. He denied the February motion by Anderson Management Services Inc., Anderson Media Corp. and others to move to a district court the adversary proceeding brought by publishers who are owed $68.6 million in the Anderson News bankruptcy....
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