Mastro consignors not paid yet?

[Exhibitman]

Is to keep all the affected consignors in the dark about what happened. Say they really did suffer a rash of renegs, they would still have these options:

1. If the item has not shipped, (a) give it back or (b) get the permission of the consignor to offer to the underbidder.

2. If the item shipped w/o payment, 'fess up and tell the consignors.

Legendary is where it gets really twisted. If Mastro shipped w/o $ in hand seems to me that you could get law enforcement involved in perhaps going after the reneggers for fraud. Failling that, at the least, they could file suit and seek to grab back the items or other property to satisfy the debt via a writ of attachment (that's what they call it in CA). If they are really dealing with "whale" deadbats, it wouldn't cost much, relatively speaking, to pursue a writ. Since any collections attorney could readily do just that for a creditor client very quickly in a case, my assumption is that there is a secondary reason for not--perhaps not wanting to permanently wreck "important" trade relationships with potential contacts for Legendary.

No matter how many ways you slice it, it is still a turd casserole...