That wasn’t the issue here. The issue here was inconsistency in the way the trustee handled the auction. An auction the trustee was given complete control over how to run by the court.
Even though there were no complaints at the time of the auction, from either party when the process was explained and processed. Only after the auction was over did the losing party (Jones’ puppet bidder) complain about it.
That’s not the issue - the losing company wasn’t given an opportunity to counter bid
Ftfa
The judge said Murray had acted in good faith in running the auction in which The Onion’s parent company initially appeared to prevail, but he said the trustee did not run a transparent process and should have given a rival bidder associated with Jones another chance to improve its bid.
It depends on how you count. Jones is unlikely to ever pay the full value of his debts, so the value of the victims forgoing their portion should be discounted proportionally.
I would comment on how the calculation was actually done, but federal courts do not allow for public recordings, and this court does not appear to make it’s written orders public either.
Well, see, it’s supposed to be the highest bid that wins an auction.
Found the person who doesn’t read the article
That wasn’t the issue here. The issue here was inconsistency in the way the trustee handled the auction. An auction the trustee was given complete control over how to run by the court.
Even though there were no complaints at the time of the auction, from either party when the process was explained and processed. Only after the auction was over did the losing party (Jones’ puppet bidder) complain about it.
Weren’t they?
No, they had a lesser bid with the Sandy Hook victims taking lesser settlements to push up the value of TheOnions bid
Doesn’t that make it the highest bid?
That’s not the issue - the losing company wasn’t given an opportunity to counter bid
Ftfa
Originally, yes, but this judge decided no
It depends on how you count. Jones is unlikely to ever pay the full value of his debts, so the value of the victims forgoing their portion should be discounted proportionally.
I would comment on how the calculation was actually done, but federal courts do not allow for public recordings, and this court does not appear to make it’s written orders public either.
Yes it is the highest bid by millions!