Creditors Scuffle Over Discovery Bid In Anderson Ch. 11

Law360, New York (October 12, 2011, 1:53 PM EDT) -- Magazine publishers seeking around $70 million from bankrupt wholesaler Anderson News LLC argued Tuesday that a request from secured creditors for hundreds of documents related to magazine return rates “does not pass the smell test” and should be blocked.

In a filing in Delaware federal bankruptcy court, the five magazine publishers — including American Media Inc. and Time/Warner Retail Sales & Marketing Inc. — said Holston Asset Management LLC and Northshore Capital LLC were engaged in a back-door attempt to access documents related to Anderson's pending...
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