Ellora’s Cave Sues Borders for $1,000,000
It's always fun when Ellora's Cave sues someone. This time, they are putting the screws to beleagured Borders. Not sure how EC expects to collect when Borders has a market cap of $40,000,000 and over $465 million of debt. In any event, the suit by EC alleges that Borders ordered more books than it planned to sell which resulted in a credit balance on the account EC argues that this "churning" is crippling small publishers. Ironically, in 2006, EC gave Borders romance buyer, Sue Grimshaw, an Ellora's Cave award.