Allegro Media Group, based in Portland, Oregon, has sacked dozens of staff and is refusing to return calls or to send stock back to the labels.
Labels affected include Arte Nova, Avie, Challenge Classical, Stone Records, Music & Vision, Priory, Resonus Classics, Winter & Winter and more.
Hard times ahead.
UPDATE: A UK client tells us that Allegro is now in the hands of liquidators. The chance of anyone seeing money or CDs any time soon is slight.