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02-14-2013, 07:32 AM
  #105
Mungman
It's you not me.
 
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Join Date: Mar 2011
Location: Outside the Asylum
Country: Canada
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Quote:
Originally Posted by madhi19 View Post
I don't want to rehash old history but Baum really erred in that ruling. His first and only duty as a bankrupcy Judge was to protect credditors not the business model of North American pro-sports. He should have at least forced the NHL to match or get the hell out of the way.
I'm not a law talking guy, but I disagree with the idea that the BK court could/should have allowed the team to move. The creditors knew who the customer was and what industry it was in, just from that basic information they would have been able to figure out that there would be some constraints on the business related to location. In this case it's seller/supplier beware.

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