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May 9, 2011By Sarah Weinman

Dorchester Tells Now-Disbanded Unofficial Creditors Committee It Does Have a Plan

May 9, 2011By Sarah Weinman

Early last week Dorchester enthusiastically announced that they will resume publishing “a full trade line” next month. That hopeful message was preceded by a vote of no confidence from the authors whom Dorchester still is said to owe royalties (and in some cases, reversions of rights as well). On April 22, representatives of a group of authors and publishing professionals who had formed unofficial unsecured creditors committee told Dorchester they were disbanding. “The Unofficial Committee has taken this step,” said the representative from law firm Lowenstein Sandler in an email obtained by us, “because it has determined that Dorchester will […]

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Filed Under: eNews, Finance, News

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