rotorwrench
Well-known member
LeBaron-Bonney had a strong bid by SMS Auto Fabrics during the bankruptcy auction but at the last minute, Eckler Industries swooped in with a bid that overtook the SMS bid. There ended up being problems after the closing and there was likely ongoing litigation due to that. I don't know if Eckler Industries ever took possession of what they bid for or not but my guess is that there were missing items, spoilage, and/or damage to the remaining assets that caused the further litigation but I don't know any details. Most of it is in the bankruptcy court documents and they don't tell what happened in the end. It always sort of had the appearance of a company not taking time to look at what they were bidding on before winning the bid. It's possible they ended up with a pig in a poke.
This link was from proceeding of late 2019.
https://www.dailydac.com/wp-content/uploads/2019/12/lebaron.pdf
This link was from proceeding of late 2019.
https://www.dailydac.com/wp-content/uploads/2019/12/lebaron.pdf
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