In late June, Diamond filed a motion to approve the procedures for “sale or other disposition of consigned inventory” and more. In short, it has consignment inventory sitting in a warehouse from publishers and it wants to sell that inventory to pay back its debt. What the inventory is, no one really knows beyond Diamond right now and the money would likely go to pay back JPMorgan Chase Bank, its lender during the chapter 11 process.

As you can imagine, the response to Diamond’s plan has been negative with publishers calling it theft and about two dozen of them filing various motions and objections to the plan.

Hearings have been set concerning various motions regarding Diamond’s plan.

Beginning August 18 at 9:30 AM, there will be a hearing to consider:

638 − Motion to Sell Description of Assets attached as Exhibit B Free and Clear of Liens and Notice of Motion. Fee
Amount $199. Notice Served on 7/23/2025, Filed by Diamond Comic Distributors, Inc.. Objections due by 08/13/2025. with three additional calendar days allowed if all parties are not served electronically. Hearing scheduled for 08/18/2025 at 11:00 AM − Courtroom 9−D. Modified on 7/23/2025 to fix text to correctly reflect hearing information provided in notice. Get more info on this motion.

649 − Motion To Stay Debtors Motion For Entry of Order Approving (i) Procedures For Sale or Other Disposition of Consigned Inventory, (ii) Approving Sales or Other Disposition of Consigned Inventory Free And Clear of Liens, Claims, Interests or Encumbrances And (iii) Granting Related Relief Filed by Ad Hoc Committee of Consignors (related document(s)531 Motion to Sell Free and Clear of Liens and Notice of Motion filed by Debtor Diamond Comic Distributors, Inc.).

679 − Motion Seeking Entry of an Order Requiring the Debtors to Assume or Reject Executory Contracts with Members of Ad Hoc Committee of Consignors and for Related Relief Filed by Ad Hoc Committee of Consignors. Get more info on this motion.