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Getty Images Letter Forum / Re: Alaska Stock - Chapter 11 Bankruptcy
« on: October 17, 2012, 07:15:56 PM »
I regret to inform everyone that we got the facts wrong. To our knowledge, Alaska Stock has never filed bankruptcy. In the conversation in which we thought Alaska Stock filed bankruptcy, it was, in fact, their legal opponent, Houghton Mifflin that filed bankruptcy for the purpose of restructuring their large amounts of debt. Houghton Mifflin was in bankruptcy only for a short amount of time.
As it now stands, it is up to Alaska Stock to determine if they wish to once again file an appeal against the dismissal ruling that was granted to Houghton Mifflin. As far as we can tell, Alaska Stock stands defeated because of their sloppy copyright registrations. More than likely, they followed the shoddy copyright registration advice given by PACA lawyer Nancy Wolff.
There are now at least two stock photo companies in recent months (Alaska Stock & "Masterfail") who have been shown the door for trying to short-cut the copyright registration process.
I apologize to everyone for not doing a better job in rechecking certain statements before "going public" with it.
As it now stands, it is up to Alaska Stock to determine if they wish to once again file an appeal against the dismissal ruling that was granted to Houghton Mifflin. As far as we can tell, Alaska Stock stands defeated because of their sloppy copyright registrations. More than likely, they followed the shoddy copyright registration advice given by PACA lawyer Nancy Wolff.
There are now at least two stock photo companies in recent months (Alaska Stock & "Masterfail") who have been shown the door for trying to short-cut the copyright registration process.
I apologize to everyone for not doing a better job in rechecking certain statements before "going public" with it.