Judge Won’t Reopen RadioShack Intellectual Property Auction

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“A Delaware bankruptcy judge on Wednesday refused to reopen a disputed auction for the sale of RadioShack’s intellectual property, including trademarks and data on some 67 million customers of the electronics retailer. Following a hearing Wednesday, Judge Brendan Shannon said he would not second-guess a decision to change an open bidding process at last week’s auction to a call for final sealed bids from three potential buyers. The auction ended with General Wireless, an affiliate of hedge fund Standard General, declared the winner with a bid of $26.2 million”