With so many lawsuits going on when it comes to Diamond‘s chapter 11, it seems we’ve missed a bit one, Alliance Entertainment’s lawsuit against Diamond Comic Distributors for fraud during the initial bidding process for Diamond’s assets. The last we reported on this was August, so let’s catch up.

The last we left it, the defendants/debtors, were trying to get multiple complaints dismissed and filing counterclaims against each other.

In a lead up to a hearing the defendants submitted multiple replies to support their motion to dismiss some of the complaints. They rely heavily on the Asset Purchase Agreement that was part of the bidding process.

With filings to support those dismissals by other defendents.

There’s also filings to back up the arguments to not dismiss counterclaims.

Which all lead to a hearing and pretrial conference regarding all of this back and forth set for November 17, 2025.

But then Alliance got more filings in to argue for the dismissal of the counterclaim against it by Diamond also focusing on the Asset Purchase Agreement.

And why was all of the above rushed through? Because all of the motions by Diamond and its associates to dismiss the complaints by Alliance were denied! The reasons given were during the hearing and unfortunately that transcript hasn’t been released yet.

So, things continue… To kick off December, Alliance next filed a document responding to Diamond’s counterclaims against it. It’s a pretty standard document where they agree or disagree with facts stated in the counterclaim.

Which was followed up by defendant Raymond James & Associates, Inc.’s responses to Alliance’s complaint about fraud. The only thing that really pops up from that is that they admit information provided to the bidders was redacted, which is part of the whole case.

Followed by responses by Charlie Tyson, Dan Hirsch, and Getzler Henrich & Associates, LLC regarding Alliance’s complaint.

So what does all of the above mean? The complaint from Alliance against Diamond and its associates over fraud moves forward as well as their counterclaim back that Alliance broke the contract it agreed to.