Ch. 7 Trustee OK'd To Run Coupon Co. Ahead Of Auction

Law360, Wilmington (March 25, 2013, 9:44 PM EDT) -- A Delaware bankruptcy judge on Monday authorized the Chapter 7 trustee overseeing private equity-owned Entertainment Publications LLC to manage the coupon-book publisher as a going concern, allowing him prepare the 50-year-old company for a stalking horse sale rather than a liquidation.

Trustee Charles M. Forman, who requested temporary permission to operate the shuttered publisher last week after receiving an $11.8 million offer, told the court it was imperative to act quickly in order to preserve the company's value, a good deal of which rested in its...
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