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by linuxftw
586 days ago
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> The exact bid amount offered by the Onion for InfoWars remains unknown, but it has been reported it was lower than First United American’s bid of $3.5m. Sounds a lot like FUA won the auction, but the trustee is playing games. The judge ordered a public auction, the trustee and the creditors don't get to side-step the judge's order because some of them might perceive their actions to be a better outcome. |
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Not really. Trustee’s obligation is to the creditors. Some of the creditors agreed to release their claims if it went to a third party. That has monetary value.