Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

meadowlander

(4,777 posts)

5. I think there was another bid that was technically higher

Reply to Think. Again. (Reply #2)

Wed Dec 11, 2024, 05:32 AM

Dec 11

but the Connecticut families promised the Texas families that they would forfeit part of their claim on the proceeds which meant that the Onion's bid gave the Texas families more and that let the bankruptcy trustee accept it as the "best" bid.

Assuming the judge is saying that's faulty reasoning and the trustee should have accepted the highest numerical bid, even though he had broad discretion to decide which bid he thought was best.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Judge Rejects Sale of Infowars to The Onion [View all] applegrove Dec 11 OP

Darn LeftInTX Dec 11 #1

I wonder what excuse the judge made up to block the sale. Think. Again. Dec 11 #2

The winning Onion bid included promise of $ from what the applegrove Dec 11 #3

A significant portion of the winning bid dsc Dec 11 #4

I think there was another bid that was technically higher meadowlander Dec 11 #5

Seems to me... Think. Again. Dec 11 #6