Revived Coupon Co. Sells For $17.6M in Ch. 7 Auction

Law360, Wilmington (April 22, 2013, 8:19 PM EDT) -- A Delaware bankruptcy judge on Monday approved the $17.55 million sale of private equity-owned Entertainment Publications LLC to a stalking-horse bidder led by a son of the coupon-book publisher's founders, completing a rare instance of a company in Chapter 7 being auctioned as a going concern.

The case had been made more unusual earlier in the day when U.S. Bankruptcy Judge Christopher S. Sontchi ordered the auction reopened, overriding the business judgment of Chapter 7 trustee Charles M. Forman, who previously determined the stalking horse presented...
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