August 10, 2017
The liquidating trustee for the parent of onetime music megadistributor Columbia House filed legal actions Wednesday seeking $19 million in clawbacks and suing four former executives for breach of fiduciary duty over an improvident loan.
December 17, 2015
A New York bankruptcy judge has approved a sale of assets from the parent of onetime music megadistributor BMG Columbia House to a newly created company controlled by the debtor's chief executive.
December 09, 2015
The owner of the once-popular music-by-mail club Columbia House is fighting to maintain control of its court-monitored restructuring as creditors seek to block a proposed sale of the business, asking a New York bankruptcy judge Tuesday to extend until next year the exclusive period in which it can file a Chapter 11 plan.
December 02, 2015
A New York judge on Wednesday cast doubt on a proposed sale of Columbia House's bankrupt corporate parent to a newly created company controlled by the debtor's chief executive, as creditors of the DVD-by-mail business claim that the transaction is designed primarily to insulate the company from potential litigation.
December 01, 2015
Edge Line Ventures on Tuesday defended in New York bankruptcy court its deal to acquire the corporate parent of the once-popular music club Columbia House following attacks from creditors, saying its offer is "substantially higher" than any the debtor received.
November 25, 2015
Columbia House's corporate parent defended the potential sale of the once-popular music club to an affiliated company called Edge Line Ventures on Tuesday after unsecured creditors filed papers in New York federal court accusing executives of having used the business as a "personal piggy bank" before it fell into bankruptcy.
September 11, 2015
Columbia House's parent company on Friday sought a New York bankruptcy judge's approval of an October auction but said it has so far been unable to find a stalking horse bidder to set the price floor for a potential sale of the mail-order DVD business.
September 02, 2015
Universal Studios' home video distribution unit is objecting to the financing plan of Columbia House's parent that would grant the bankrupt DVD mail-order service's lenders liens on Universal DVDs and Blu-Rays it licensed to the debtor, according to court documents filed Tuesday in New York.