In one of the weirder bankruptcy hearing ever, HTM has asked a NC bankruptcy court to re-auction the assets because it claims to have misunderstood that the assets it was purchasing do not include some $9 million in cash that is in the debtor’s estate now as a result of the GOB sales underway. HTM argued that the asset purchase agreement said all assets in the estate and that the excluded assets didn’t specify cash, so it thought it was bidding $21.5 million for a deal that would have netted out to just $11.5 million. That bid was initially accepted ... Log in to view full article.