Part 3/7:
Judge Christopher Lopez expressed clear disapproval of the auction process, labeling it “frankly a fraudulent auction” that failed to maximize potential value for the sale. He argued that the sealed bid format limited competition and failed to provide a transparent method for determining the fair market value of Infowars. He criticized the court-appointed trustee for leaving "a lot of money on the table," indicating that a live auction would yield better offers.
Despite the Onion representing the interests of the Sandy Hook victims, the judge’s return to the drawing board means a reconsideration of how the bidding process should proceed.