Meanwhile, Action News has learned an attorney in New York has filed a lawsuit against Celebration Studios. He tells us he has received calls from several hundred alleged victims and is trying to get the suit certified as a class action.
STATEMENT FROM CELEBRATION STUDIOS, INC.
The primary intent of Celebration Studios has been and remains to preserve the memories of its customers. Unforeseen financial difficulties have made it impossible to continue our business operations and deliver photos and videos in a timely manner. We sincerely regret any inconvenience that this has caused. We do though want to assure our customers that to our knowledge no photos or videos have been lost or destroyed. We had hoped to provide the digital images to customers in an orderly fashion. However, as a result of circumstances, which include the filing of litigation aimed more at obtaining media coverage than securing photos and videos for newlyweds, rumor mongering on the Internet, and the threat of physical violence upon innocent parties, Celebration Studios now believes that the only effective and efficient method of accomplishing this goal is to file a Chapter 7 Bankruptcy.
We are preparing the papers necessary for such filing and expect to file them in the United States Bankruptcy Court in Newark within the next 7-10 days. Typically, all interested parties are notified within about 2 weeks after such filing. This notice will contain the name of the Court appointed Trustee and other important information. Upon the filing, the Trustee will be vested with the authority to take possession of all corporate assets and to take the necessary steps to conduct an orderly winding up of the affairs of the company.
It is our hope that everyone will cooperate with the Trustee to allow him or her to handle this in an expeditious and orderly manner. We pledge our cooperation to the Trustee as well.
