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The Los Angeles Times quoted Raines Feldman’s Hamid R. Rafatjoo, partner in the firm’s Bankruptcy department, in an article discussing the challenges to the winning bid for the mega-mansion known as “The One” which was less than half the home’s $295-million list price.  Creditors are asking U.S. Bankruptcy Judge Deborah Saltzman for a do-over.

“It cannot be that the fear of this war and with the potential for World War III … did not impact [the] bidding auction process,” Hamid Rafatjoo, the attorney for The One’s developer, Nile Niami, said at a Friday hearing. “That war scared everyone.”

Read the full article here.