“It seemed doomed almost from the moment they decided to go to a sealed bid,” Judge Lopez said. “Nobody knows what anybody else is bidding,” he added.

  • @[email protected]English
    11•10 hours ago

    That’s essentially what they did. They chose an auction type where each party offers as much as they’re willing to pay and the highest offer wins. The Sandy Hook families included a chunk of their debt in the offer which was part of the value.

    • AatubeOP
      2•9 hours ago

      I think Abou meant bidding with cash instead of debt.