alt Hacker NewsFrom what I understand ownership of the Lego sets never left the Mansells. The consignment agreement states as much.
Even if we take what corporate says at face value (there was no agreement, or the agreement is null, or it's an agreement that the previous owners agreed to) that still just means that the store possesses property that they do not legally own. Whether or not they legally came to possess the sets seems irrelevant here.
I'm not a lawyer but I don't see how the Mansells ever stopped owning the lego sets.
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I believe that's the one thing BAM refuses to acknowledge, they have no legal possesion of the lego sets, that's the beginning and end of it. They are trying their damnest to hide that fact behind a consignment/contract/franchise/corporate/arrests/heroin/lawsuit curtain of smoke.
> I'm not a lawyer but I don't see how the Mansells ever stopped owning the lego sets.
The store declares bankruptcy, and corporate is a prioritized creditor. From a certain view, based on the consignment contract means they wanted money, and I could see an argument that they're really owed $200k rather than the physical legos. Ie they're effectively just another creditor, and probably not a prioritized one.
"Ownership" gets very odd when you hand goods over to someone with the expectation that you'll never see those goods again, but will get money. It gets even weirder when that someone ceases to be a legal entity, and the goods are now in possession of someone you never had an agreement with. The store obviously has an obligation to hand over either money or the goods, but it's not clear that obligation is transient to anyone that ends up with the goods.