April was a big month for professional fees in the Chapter 11 bankruptcy of Diamond Comic Distributors, Inc., not a surprise since April included several dramatic events following the auction for Diamond's assets in late March.  Those events included Diamond’s effort to change the winning bidder; Alliance Entertainment's lawsuit in response; the court order to sell Diamond Comic Distributors, Alliance Game Distributors, and other assets to Alliance Entertainment; and the termination of Alliance Entertainment's purchase agreement and the lawsuit that followed (see "Alliance Entertainment Sues Diamond, Again").

Fees and expenses billed by the various advisors for April totaled $2,315,815, up from around $1.9 million for March (see "Diamond Bankruptcy Fees Mount").  That total included:

  ·  $704,801 for Diamond attorneys Saul Ewing
  ·  $717,423 for restructuring consultants Getzler Henrich
  ·  $425,620 for unsecured creditor attorneys Lowenstein Sandler LLP
  ·  $77,977 for unsecured creditor local counsel Tydings & Rosenberg
  ·  $233,264 for unsecured creditor consultants Berkeley Research Group
  ·  Also billed this month was an initial bill for $123,729 (at today’s exchange rate) for UK firm Stephenson Harwood, retained by Diamond to advise on the impact on its Diamond UK asset. 

That brings the total professional fees through the end of April to around $6.85 million, a growing chunk of what Diamond is bringing in from the sale of its assets.  That total does not include banking fees, which will be substantial.