“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·
    11 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·
      11 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·
        11 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·
          11 days ago

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