Borders Settles Book Distributor's Claim For $8.4M
Perseus, the country's biggest distributor of independently published books, settled for about 85 percent of the $9.8 million it says it was owed. The parties agreed to subtract $1.4 million for returned merchandise and shipping credits, according to the order by U.S. Bankruptcy Judge Martin Glenn.
The agreement ends what Judge...
To view the full article, register now.