Around the time we sat down to dinner Wednesday night, the Texas Rangers bankruptcy crossed over from merely interesting (in a legal sense) into epic drama. At one point during the proceedings, Thomas Lauria, the White & Case partner representing the bidding group that thought it had won the team months ago, stormed out of the courtroom, apparently furious over the auction procedures, and cursed out Louis Strubeck, Jr., a Fulbright & Jaworski partner representing a court-appointed officer overseeing the auction.
“You told me we were going to get a reasonable amount of time to review the bid!” Lauria shouted in the hallway outside the federal bankruptcy courtroom in Fort Worth, TX, according to the absolutely indispensable Twitter feed of Daniel Kaplan, a reporter for the Sports Business Journal. “[Expletive] you!”
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