Since the dispute between former Foundry partners Yfat Reiss Gendell and Peter McGuigan first surfaced, the most far-ranging impact has been on authors, experiencing delayed payments and stalled sub-rights activity. On Wednesday, McGuigan filed notice of an instant motion asking the court to order Gendell to approve outstanding payments due to authors at a hearing already scheduled for September 21. McGuigan also asks the court to order going forward that Gendell “review and object for a material reason, or approve all future payments posted on the bank website, within three (3) calendar days thereafter, without exception.” Accounts from Foundry bookkeeper […]
