According to Bloomberg, Murray told Lopez that Global Tetrahedron’s bid was a better option because the Sandy Hook families agreed to waive some of the money owed to them in order to pay off Jones’ other creditors. “I’ve always thought my goal was to maximize the recovery for unsecured creditors,” Murray said, per Bloomberg. “And under one bid, they’re clearly better than they were under the other.”
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The only other bid besides the Onion’s was $3.5 million from First United American Companies LLC, the company that operates Jones’ online supplement store.
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