this post was submitted on 11 Dec 2024
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Fuck Judge Lopez for caring more about money than justice.
It's technically the law. Bankruptcy procedures are geared to enable the return of the maximum amount of proceeds for the creditors.
Sealed bid kind of torpedos that I suppose, but considering the shit stain on history that Infowars is, I feel like an exception should have been made here.
Problem is why did that auction even happen or rather was allowed if it was technically now allowed for a bankrupcy case?
Feels like intentional so they can go "well, we don't like the winner. time to revoke it"
Apparently Jones chose a sham for his trustee who decided how to run the auction
Edit: "sham" as in how Jones saw it. After receiving only 2 bids, Murray—the trustee—decided to only solicit best and final offers instead of following the original open auction procedure; the court didn't expect changing those rules, but the change was completely within the trustee's power. Though both bidders had no objections to the changed rules, the lost bidder and Jones did after the results came out and sued, and the court felt like Murray should've done something else (while clarifying that they felt Murray acted in good faith).