Game Co. Aims To Block $3M Movie Gallery Asset Sale

Law360, New York (June 23, 2010, 8:11 PM EDT) -- Online video game reseller Gamers Factory Inc. is aiming to block rival COKeM International Ltd. from buying over $3 million worth of video games and accessories from bankrupt Movie Gallery Inc., saying it would beat COKeM's proposed sale price by $50,000.

Gamers, a subsidiary of Game Trading Technologies Inc., lodged an objection to the proposed sale Wednesday in the U.S. Bankruptcy Court for the Eastern District of Virginia, where Movie Gallery's Chapter 11 case has been under way since February.

Movie Gallery and COKeM asked the...
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