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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.