“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.

  • themeatbridge@lemmy.world
    link
    fedilink
    English
    arrow-up
    13
    ·
    9 hours ago

    Sealed bids encourage last and best offers, and prevent the deepest pockets from submitting a “highest plus one” bid that minimizes the proceeds from the sale.

    This judge is either a dipshit or corrupt.