Diamond’s Latest Hearing Continued and Some Topics Moved To Mediation

December 8 was the latest hearing when it came to Diamond Comic Distributor‘s chapter 11 process. The hearing was to address some disputes as to contracts and whether Diamond would accept or reject them. A group of publishers are pushing the issue in what would seem a play to get consigned inventory back as well as money owed them.

Diamond, and its lender JPMorgan Chase Bank submitted objections and opposition to the original motion highlighting that there’s been changes to the case since the motion was originally filed. Diamond and publishers are now in mediation when it comes to numerous issues, including consigned inventory, Diamond has settled some issues with Dynamic Forces/Dynamite Entertainment, money has been put aside for “administrative expenses” for the publishers, and controversies over consignment inventory sold by Sparkle Pop have been somewhat settled. Finally, Diamond has sued 32 publishers individually over the consigned inventory.

We’re still waiting for more details, if any, but for the most part the court heard the evidence submitted by parties with some issues being further examined with another hearing December 16 while other issues are being handled by the mediation currently going on.

While not the most exciting update, it moves the case further down the road and pushes the case out further into 2026. With concerns over Diamond’s liquidity and their latest monthly reporting having them with a net worth over negative $37 million, it’s hard to see how Diamond comes out of this with publisher satisfaction.