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Alliance Entertainment is suing Diamond Comics after terminating their purchase agreement to acquire the comics company’s assets last week. Previously, they had sued after Diamond chose to sell to the backup bidders, Universal Distributors and Ad Poplum, after first agreeing to sell to Alliance, but the suit was later dropped. Alliance writes in the new suit that Diamond has refused to pay back Alliance’s $8.5 million earnest money deposit. The suit also claims that Diamond “fraudulently misrepresented” their relationship with gaming manufacturer Wizards Of The Coast (WOTC), which they write is Diamond’s largest vendor, accounting for 25% of revenue. (They reported

Deal of the Day
Author of VERA WONG'S UNSOLICITED ADVICE FOR MURDERERS Jesse Q. Sutanto's MS. MEBEL GOES BACK TO THE CHOPPING BLOCK, about a 63-year-old who, after getting dumped by her husband of 40 years for their much younger personal chef, embarks on a mission to win him back by signing up for a Parisian culinary school that accidentally happens to be in Cowley, England, only to discover that there might be much more to life than being her husband's trophy wife, to Cindy Hwang at … read more
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