Court Approves AMS, Baker & Taylor Settlement

Law360, New York (September 27, 2007, 12:00 AM EDT) -- Advanced Marketing Services Inc. has filed the third version of its blueprint for liquidating under Chapter 11, which reflects the bankruptcy court's Wednesday approval of a settlement over an asset purchase agreement between AMS and book distributor Baker & Taylor Inc.

Wednesday, U.S. Bankruptcy Judge Christopher S. Sontchi signed off on an order approving a stipulation of settlement between the two parties, and AMS and its unsecured creditors committee filed their second amended joint plan of liquidation and disclosure statement on the same day.

Charlotte, N.C.-based...
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