Diamond’s Bankruptcy: From Hero to Zero Amid Claims of Potential Fraud & Missing Paperwork

This week saw an unexpected twist in Diamond Comic Distributors’ bankruptcy case, as court filings, collapsed negotiations, and escalating allegations caused ripples across the comic books and gaming sectors. Last night, April 28, 2025, the U.S. Bankruptcy Court in Baltimore experienced significant news when Matthew W. Cheney, the Acting United States Trustee, submitted a motion to change the case from a Chapter 11 reorganization to another type of bankruptcy proceeding.

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2025-04-29 18:30