Motion to Extend Objection Deadline over Titan Publishing’s Distribution Agreement with Diamond Filed

Titan Comics

We said when the court approved the bids by Sparkle Pop and Universal Distribution to purchase Diamond and its companies that there was a long way to go. Today, a motion has been filed to extend the objection deadline and adjourn hearing on Titan Publishing‘s motion to “assume or reject” the distribution agreement between Diamond and Titan.

In April, Titan filed an emergency motion to “compel debtors (aka Diamond) to assume or reject (its) distribution agreement with Titan Publishing Group, Ltd. by April 25.”

But, that has still not been settled and a new motion has been filed to extend the deadline to May 16. It also has asked for a hearing to be held on May 21. The third “ordered” is that any “rejection of Titan’s contract authorized pursuant to a later order of the Court shall not have an effective date earlier than the earliest of: (i) the date of the closing on the Sale, (ii) the date of a hearing on the Motion, or (iii) the filing date of any other motion seeking to reject Titan’s contract.”

Still, a long way to go before Diamond’s sale is all wrapped up.

Read the documents below.

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