Reader's Digest Parent Reaches $5M Settlement With Mosaic

Law360, New York (July 18, 2013, 5:33 PM EDT) -- Reader's Digest Association Inc.'s parent told a New York bankruptcy court Tuesday that it had reached a $5 million settlement with Mosaic Media Investment Partners LLC, potentially resolving more than $31 million in claims over allegedly deceptive marketing and a related $27 million Federal Trade Commission settlement.

The agreement is the latest step for RDA Holdings Co. as it moves toward reorganizing Reader's Digest and filing a separate Chapter 11 plan for another subsidiary, Direct Entertainment Media Group Inc. Tuesday's deal would grant Mosaic a $3...
To view the full article, register now.




Case Information

Case Title

RDA Holding Co., et al.

Case Number



New York Southern

Nature of Suit

Date Filed

February 16, 2013

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.