In June 2025, Sparkle Pop sued Alliance Entertainment for what it believed to be Alliance’s violation of a non-disclosure and non-solicitation agreement stemming from Alliance’s attempt to purchase the assets of Diamond Comic Distributors during the chapter 11 process.
On July 2025, (old) Diamond jumped into the case joining in as plaintiffs in the adversary proceeding.
There was then an order by the court asking why Diamond and its trustee Morgan W. Fisher shouldn’t be dismissed as intervenors on the case.
Fisher and (old) Diamond filed a response on June 18 but then that response was withdrawn on August 6.
The Trustee has determined that, at this juncture, there is no continued benefit to the Estates from his participation in this Adversary Proceeding and that dismissal of the Debtors and Trustee from this Adversary Proceeding is appropriate.
As such:
ORDERED, that Diamond Select Toys & Collectibles, LLC; Comic Exporters, Inc.; Comic Holdings, Inc.; Diamond Comic Distributors, Inc.; and Morgan Fisher, Chapter 7 Trustee are hereby DISMISSED from this adversary proceeding.
What was a two-on-one case is back to just being Sparkle Pop vs. Alliance Entertainment. While there’s another lawsuit between (old) Diamond, Fisher versus Alliance Entertainment, the stepping back from this case is an intriguing one.
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Source: Graphic Policy
