“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.

  • stoly@lemmy.worldEnglish
    3·
    3 days ago

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

      • stoly@lemmy.worldEnglish
        3·
        3 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·
          3 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·
            3 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·
              3 days ago

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