Publishers have been filing objections to Diamond Comic Distributor‘s motion that would allow them to sell, liquidate, dispose of, inventory it currently still has. Many publishers have already been vocal about the motion and many have responded to our inquiries with “no comment” because it’s an ongoing legal matter. So far, TwoMorrows Publishing, Magma Comix, and Graphitti Designs, Abstract Studio, NBM, William M. Gaines, Agent, Inc., Humanoids, a joint filing by 13 publishers, GAMA, and the Ad Hoc Committee of Consignors have each filed objections to the motion. Cryptozoic Entertainment got an objection in yesterday as well but had issues with their filing.

While submitted before the deadline, like the William M. Gaines, Agent, Inc. objection, there was an issue with their filing. Cryptozoic had a lawyer file their objection and the attorney is not a member of the bar of the District Court so will need “Admission Pro Hac Vice.” It’s weird rules, but it’s rules that need to be followed.

On to Cryptozoic’s filing…

In their 29 page filing, Cryptozoic points out, like all of the other filings, that though the product was provided to Diamond on consignment, as per their agreement, the inventory remains the property of Cryptozoic. Pointing out a previous legal case, they state that the consigner, aka Cryptozoic, takes priority over the trustee in bankruptcy. And, the creditor, the bank that loaned Diamond money, should have known this when they extended credit for the bankruptcy.

Included in the filing is Cryptozoic’s agreement with Diamond as well as a list of inventory.