This morning, Jim Milliot reports that Perseus has received signed agreements from “more than 10” ex-PGW publishers. Presumably, this is the 70 cents on the dollar reimbursement in exchange for four years of distribution deal that was bandied about like a tainted carrot to the PGW publishers left in the lurch. This does not mean that Perseus has acquired PGW, but Perseus’s goal is to grab 65% of the PGW clients before the February 12 hearing date. Under the deal, the publishers will retain ownership of their inventory, if not their sunny dispositions.
In case you missed it, here’s Nadine Aldred’s Complaint against Penguin and Penguin’s Answer: