Anderson Creditors Win Bid To Sue Affiliates

Law360, New York (October 25, 2011, 7:23 PM EDT) -- A group of publishers received the green light on Tuesday from a Delaware bankruptcy judge to pursue claims to claw back potentially over $100 million from affiliates of defunct magazine wholesaler Anderson News LLC.

U.S. Bankruptcy Judge Christopher S. Sontchi granted the publishers, including American Media Inc. and Time/Warner Retail Sales & Marketing Inc., standing to go after the affiliates on Anderson’s behalf, finding after a court hearing that the wholesaler’s refusal to bring the claims itself was unreasonable and unjustifiable.

The publishers, known as the...
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