WHAAAAAT?
Microsoft can buy Blizzard for $46 billion but one website can't buy another website for $7 million. (Probably because Freedom!)
this post was submitted on 11 Dec 2024
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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.
And they are interviewing retired bankruptcy judges that are apparently at a loss right now.
link pls
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.
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.
obstreperous adjective
ob·strep·er·ous1: marked by unruly or aggressive noisiness : clamorous
obstreperous merriment
an obstreperous argument2: stubbornly resistant to control : unruly
obstreperous behavior
an obstreperous child
maybe he felt it could be argued to have a potentially better deal but didn't think it warranted overturning the sale.
Well that was my post day paraphrase lol. Glad you found it.
Sounds like the judge got a pay day.
He will be named secretary of something random under tRump
Journalism, probably
Undersecretary for auction integrity
Undersecretary is someone working when the secretary is giving a speech, Police Academy style?
That’s disappointing.
It’s crazy how if you’re rich you can just nullify any law or legal precedent to get your way. Elons goings to own infowars now
"I could stand in the middle of 5th Avenue and shoot somebody, and I wouldn’t lose any voters. It’s, like, incredible.”
what if he's secretly ✨luigi✨
(this is a joke) To be fair I can make the exact same claim. I could murder someone and the number of votes I receive yearly will not be impacted.
Shoot an insurance ceo and your votes will go up.
Note that this doesn't mean InfoWars gets sold to anyone (including the company affiliated with Jones). It means that everyone has to re-bid.
Right and now the parents, who already said they were satisfied with the offer, can watch as it gets sold right back to the shitheads who caused the lawsuit to happen in the first place. Either that or those shitheads can bid some outrageously high number that either guarantees them ownership or guarantees the parents must forgive a much larger portion of the debt so that someone else like the Onion can own it.
Either way the parents are facing a worse outcome now.
Seems like they could have avoided this by having the Sandy Hook families join the bid with an arbitrarily high dollar amount—which they’d immediately get back as creditors.
That's essentially what they did. They chose an auction type where each party offers as much as they're willing to pay and the highest offer wins. The Sandy Hook families included a chunk of their debt in the offer which was part of the value.
I think Abou meant bidding with cash instead of debt.
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