DAYTON -- Montgomery County's sheriff's sale appraisers took a big pay cut in 2010 after a court-ordered reduction in their fees lowered foreclosed home appraisal costs by 30 percent, according to data from Montgomery County Clerk of Courts Greg Brush. The number of appraisals declined nearly 1.5 percent as well.
Auctioneer Shiela O'Risky attempted to open bidding for the River House, a once prominent hotel in Downtown Evansville, at $2 million. But there were no takers at that price at the court-ordered sale on Friday afternoon.
SEATTLE - A federal appeals court ordered Microsoft Corp. to stop selling its Word program in January and pay a Canadian software company $290 million for violating a patent, upholding the judgment of a lower court. But people looking to buy Word or Microsoft's Office package in the U.S. won't have to go without the software. Microsoft said Tuesday it expects that new versions of the product, with the computer code in question removed, will be ready for sale when the injunction begins on Jan. 11.
The Snow Bird, the rundown Caribbean cargo ship that motored into Baltimore a year and a half ago and has remained here ever since due to problems with creditors and the U.S. Coast Guard, has finally been sold at auction. It took at least six court-ordered sale dates, but after tepid bidding on a brisk Friday morning outside the federal courthouse, the 313-foot vessel that for years had ferried frozen chickens and tons of construction equipment between the Americas went for $86,000.
Foreclosure sale properly ordered despite existence of pending counterclaim and third-party complaint.
A federal judge will announce Wednesday morning whether the Snow Bird was properly auctioned last month or whether the ship's saga will continue with yet more bidding. The 318-foot cargo vessel, which has been held in Baltimore since April 2008 by its creditors and the U.S. Coast Guard, sold for $249,000 at a U.S. District Court-ordered and -administered sale on Feb. 18. But the losing bidder, Roshan Ali Ahmad of New York, has objected to the result, contending that he, not a young Norfolk, Va., scrapper named Jason Podd, won ownership of the troubled ship.
THE COSTA Rican family-owned company that acquired the Caribbean chain of Courts furniture stores nearly two years ago, is hoping to leverage Courts' strong brand, and big customer base, in the region among West Indian immigrants in New York City. Unicomer USA, one of the private firms held by the Siman family, not only plans to open a Courts store in the fiatbush community of Brooklyn, but add a twist to the venture: customers will be able to pay for furniture at the New York store and have them collected at any of the Courts stores in the Caribbean, of which there are nearly 30 in Jamaica alone. A bankruptcy court ordered its sale. Courts' Caribbean operations, several of which were traded on regional exchanges - were bought by the Costa Rica's Siman business family, using a British V...
A Bankruptcy Court judge rejected a plan to sell the shuttered Martin Cadillac dealership in Englewood Cliffs for $2.25 million to a company headed by Jonathan Sobel, a former managing partner at Goldman Sachs. Judge Rosemary Gambardella at U.S. Bankruptcy Court in Newark on Wednesday denied the dealership's request to approve the sale and ordered that a trustee be appointed to take control of the dealership's finances. Sobel, who was chief risk officer for Goldman Sachs' investment management division when he left in December 2008, could not be reached Thursday for comment.
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