Highest Bidder in Modern Times Auction Claims Sales Process was “Flawed”

Dear Client:   The auction gavel may have sounded on Friday, but the new owner of Modern Times Beer Co. is still uncertain. Indeed, while Anaheim-based Brewery X was declared to have the “winning” bid for Modern Times’ assets at the conclusion of the auction on Friday, an objection lodged by another company in the running – MTD Asset Acquisition – has halted the finalization of the sale. Who is MTD Asset Acquisition? A copy of an auction bid log