It is time for a guest blog from our law clerk:
A company owned by Grey’s Anatomy star, Patrick Dempsey, aka Dr. McDreamy, won a bankruptcy auction to purchase Tully’s Coffee, a Seattle-based coffee chain. The chain filed for Chapter 11 bankruptcy in October 2012. Dempsey pushed for the purchase of the company in order to keep an alternative to Starbucks and also to save over 500 jobs. There were a total of six companies bidding for ownership of Tully’s, including Starbucks Corp. Starbucks offered to buy Tully’s for $10.6 million. This bid was higher than Dempsey’s winning bid of 9.15 million.