Saturday, August 20, 2011 
     Bidders Reimbursed For Auction Which         Never Occurred: The Fifth Circuit's ASARCO     Opinion.........."This was a case about a big judgment and a unique     procedure to auction off that judgment....(I have included the       citations here because they are informative opinions for       fraudulent transfer litigation). ...      In order to entice the bidders to perform the expensive legal due     diligence necessary to evaluate the asset, ASARCO sought and     obtained an order from the Bankruptcy Court authorizing it to     reimburse qualified bidders for their due diligence expenses.... it can be used to tilt         the auction procedures in favor of the stalking horse. ......"
          
   
 
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