Publishers warned over US distribution

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Independent UK publishers have been warned to exercise extreme caution when signing US distribution deals, Joel Rickett writes. Recent changes in US law left British companies, including Kogan Page, facing heavy losses after their US distributor filed for bankruptcy.</p><p>
The publishers are facing a prolonged court battle to retrieve cash and stock from LPC, the US book distributor, which filed for Chapter 11 bankruptcy last month after backer American National Bank (ANB) withdrew a loan.</p><p>
Now ANB, and the distributor's parent company Bank One, have filed a claim in a Connecticu...

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