The judge in the case put the brakes on the sale after it was revealed that the bankruptcy trustee did not accept the highest bid, and instead allowed the Sandy Hook families to 'assist' by pledging their massive judgement towards the auction.
It isn't reasonable to pledge money they didn't have because the families aren't the only creditors of the estate. The rest of the creditors get a lower recovery if the assets are "sold" for the price of one group reducing their claim.
It isn't reasonable to pledge money they didn't have because the families aren't the only creditors of the estate. The rest of the creditors get a lower recovery if the assets are "sold" for the price of one group reducing their claim.