“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

      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.