“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.

  • ricecake@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    1
    ·
    8 hours ago

    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.