“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.

  • Fredselfish@lemmy.worldEnglish
    33·
    12 days ago

    Most bids are sealed. Go bid on any construction job they are sealed. One bidder has no clue what anyone else bid. What the fuck corrupt judge is what they got there.

    • stoly@lemmy.worldEnglish
      3·
      12 days ago

      And they are interviewing retired bankruptcy judges that are apparently at a loss right now.

        • stoly@lemmy.worldEnglish
          3·
          12 days ago

          Sorry it was on NPR in the morning. They had someone saying that it was a perfectly standard sale and were surprised by the decision.

          • Aatube@kbin.melroy.orgOP
            9·
            12 days ago

            found it!

            Bruce Markell, a former U.S. bankruptcy judge and now Northwestern law school professor, said the judge’s decision was shocking and disappointing.

            “It seems that the good was held hostage to the better,” Markell said, and now “the costs of dealing with an obstreperous debtor [Jones] just keep mounting.”

            don’t see the “perfectly standard” part tho. maybe he felt it could be argued to have a potentially better deal but didn’t think it warranted overturning the sale.

            • villainy@lemmy.worldEnglish
              4·
              12 days ago

              obstreperous adjective
              ob·strep·er·ous

              1: marked by unruly or aggressive noisiness : clamorous
              obstreperous merriment
              an obstreperous argument

              2: stubbornly resistant to control : unruly
              obstreperous behavior
              an obstreperous child

              • Aatube@kbin.melroy.orgOP
                2·
                12 days ago

                maybe he felt it could be argued to have a potentially better deal but didn’t think it warranted overturning the sale.