July 18, 2013
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.
July 11, 2013
The Reader's Digest Association Inc. unveiled its latest restructuring plan Wednesday, with the company planning to focus on its profitable North American print and growing digital businesses, as it prepares to emerge from Chapter 11 for the second time in less than four years.
June 28, 2013
The publication whose slogan is "Life well shared" now finds itself shared among bondholders as part of a bankruptcy exit plan, which a New York bankruptcy judge approved Friday, a Reader's Digest spokesman confirmed.
June 18, 2013
Direct Entertainment Media Group Inc., a subsidiary of Reader's Digest parent RDA Holdings Co., on Monday asked a New York bankruptcy judge for an extension of its deadline to file a Chapter 11 plan without the threat of a rival plan being submitted.
May 31, 2013
Reader's Digest Association Inc. asked a bankruptcy judge Thursday to approve a $27 million claim by the Federal Trade Commision over a deceptive marketing settlement that the company called one of the final hurdles in its emergence from bankruptcy.
May 14, 2013
The Reader's Digest Association Inc. on Monday launched a suit in New York bankruptcy court, alleging that three former employees have unfairly diverted business from the bankrupt media company and improperly exercised control over its estate assets, including proprietary business information.
April 30, 2013
Reader's Digest Association Inc.'s publisher on Tuesday received a New York bankruptcy judge's approval of its disclosure statement, allowing the company to begin soliciting creditor votes for its Chapter 11 exit plan.
April 11, 2013
A New York bankruptcy judge on Thursday signed off on Reader's Digest Association Inc.'s parent company's $5.8 million sale of its units in France, Sweden and Finland, but declined to set aside 35 percent of the proceeds for its unsecured creditors.
April 10, 2013
Reader's Digest Association Inc.'s bankrupt parent's unsecured creditors on Monday asked a New York bankruptcy judge to set aside 35 percent of the $5.8 million it expects from selling three European units, saying the cash could serve as a source of recovery for them.
April 03, 2013
The bankrupt parent company for magazine publisher Reader'