The band wanted to release both the album through the record label they were signed to and an acoustic version by the singer through their own record label. Somewhere along the line, the major label started getting really pissy at the band and both (A) wouldn't release the album at all unless the acoustic version was cancelled and (B) refused to send the band preorder copies.
The albums are The Hands that Thieve by Streetlight Manifesto and The Hand that Thieves by Toh Kay, but I'm not sure if there's a detailed writeup anywhere. The band posted this: http://streetlightmanifesto.com/update-the-continued-struggl... and eventually had to cancel all of the preorders. They also posted this about their label: http://streetlightmanifesto.com/streetlight-manifesto-proudl...