Latina Media Ventures may soon have its Citibank account unfrozen now that the publisher of Latina magazine has paid its overdue $42,000 tab to a subscription-generating firm.
“Our office was able to freeze Latina Media Venture’s accounts and seek the funds in the judgment obtained by our law firm on behalf of our client,” said a spokesman from Criscione & Ravala, which represented We Scribe Corp. “We will soon be closing this matter since our client received the full amount of funds they were seeking in their lawsuit.”
According to the state court suit, We Scribe produced more than 36,765 subscriptions for the company and expected to be paid $40,957.50. It went to court in February when its invoice went unpaid. A judgment was then entered against Latina.
No word on whether employees and freelancers, who have seen checks bounce in recent weeks, will finally be paid — or if Solera Partners, which owns the flagship title Latina, will resume publication.
The owners already skipped the May/June and July/August issues.
The company did not return calls.