An angry exchange erupted in the corridor between Greenberg-Ryan’s top attorney, Tom Lauria, and the counsel for the chief restructuring officer, Lou Strubeck.
The two had just left the courtroom after hearing that the Cuban-Crane bid was $25 million above Greenberg’s starting bid of $306.7 million, the cash portion of a $510 million that includes assumed liabilities.
But the team’s attorney told Judge Nelms that the $25 million would be discounted and so the exact difference between the offers was not immediately available.
Lauria apparently was upset by the bidding process and because his side would get less than 12 hours to examine Cuban-Crane’s bid.
As Strubeck passed in the hallway, Lauria spat, “You’ve been trying to stick it up my a— for the last hour."
That set off an exchange of F-bombs.
-- Barry Shlachter