• bbbbbbbbbbb
    link
    102 months ago

    No, they had a lesser bid with the Sandy Hook victims taking lesser settlements to push up the value of TheOnions bid

    • @phoneymouse
      link
      592 months ago

      Doesn’t that make it the highest bid?

      • bbbbbbbbbbb
        link
        62 months ago

        Originally, yes, but this judge decided no

      • @homura1650
        link
        32 months ago

        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.

      • @[email protected]
        link
        fedilink
        English
        32 months ago

        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.