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Comics A.M. | Judge lifts order blocking Hastings sale



Retailing | A federal judge has lifted a temporary restraining order blocking the $21.4 million sale of retail chain Hastings Entertainment to Joel Weinshanker, president and sole shareholder of Wizkids parent National Entertainment Collectibles Association. Two Hastings shareholders had sued to stop the sale, insisting the price paid for the retailer is too low; however, U.S. District Judge Mary Lou Robinson found, in part, that they failed to prove they would be irreparably harmed if the sale were completed before they could have their day in court (Texas law permits dissenting stockholders to seek monetary damages after a merger). Hastings, which operates 149 stores that sell books, comics, video games and more, has called a special shareholder meeting for July 15, during which the sale is expected to be approved. [Amarillo Globe-News, ICv2.com]

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