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That's what they did, and that's what was rejected here, right? Although it sounds like maybe this was more of a procedural rejection than a dispositive one...
by alwa 2y ago
That's what they did, and that's what was rejected here, right?
Although it sounds like maybe this was more of a procedural rejection than a dispositive one...
- logifail 2y ago> That's what they did, and that's what was rejected here, right? Except they weren't the highest bidder?
- alwa 2y agoThey were if you count the amount they claimed to be putting in from their award: “The total value of The Onion’s bid was $7 million, including $1.75 million in cash put up by Global Tetrahedron, with the rest coming from the families of the Sandy Hook shooting victims, who essentially opted to put a portion of their potential earnings from a defamation judgment against Mr. Jones toward The Onion’s bid.”
- pclmulqdq 2y agoTheir bid was essentially "something that economically feels like $100k more than the next highest bidder to people who aren't us" which is a clever contractual construction but not an auction bid.