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, the Ad Hoc Committee of Consignors, and Cryptozoic Entertainment have each filed objections to the motion. Now, Diamond’s bank lender JPMorgan Chase is getting in on the action with a “limited objection” and “reservation of rights.”

JPMorgan Chase Bank is Diamond Comic Distributor’s lender, having loaned out money to keep them operating through the chapter 11 process. The maturity of that is August 23, 2025 currently.

JPMorgan Chase in their motion through “reservation of rights,” stand that they need to be paid first. So, any money from the consignment sale should go towards JPMorgan Chase to pay off the loans and then publishers or anyone would come second. They also want to be able to object to “any Consignment Sale that is legally or factually insufficient or impermissible, proposed in derogation of Lender’s consultation rights, not proposed in good faith, or violative of the terms of the Final DIP Order or applicable law.” In short, they want to get paid, and need to get it all paid, and if they’re not first, they’re going to object to it. If the court or anyone attempts to mess with that… objection!

In short, JPMorgan Chase has planted a flag for the future when it comes to decision concerning Diamond’s consignment motion.