State Employees' Ass'n v. Lang

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• affirming a bankruptcy court’s decision to consider a late bid that was approximately 20% higher than the only timely bid submitted
• upholding bankruptcy court’s determination to reject highest auction bid, reopen bidding, and accept highest subsequent sealed bid in a case also decided under the Bankruptcy Act.
• Bank- ■ ruptcy Court acted within its discretion in refusing to confirm highest bid at auction, and instead, accepting a late bid that was 12.3% higher
• \The policy favoring confirmation of a bankruptcy sale to the highest bidder at a fairly conducted public auction gives way to the goal of benefitting the bankrupt estate and its creditors when the sale price would be 'grossly inadequate.'\

Source: CourtListener parenthetical corpus (CC0).