The Phoenix Coyotes of the National Hockey League (""NHL""), spent a highly contentious and rocky six months in bankruptcy proceedings before reaching a resolution on November 2, 2009, when it was acquired by the NHL in a ""363 Sale"" out of bankruptcy. The NHL's bid was significantly lower than that of the other bidder. However, the NHL took the position, wearing its hat as the NHL (as opposed to its hat as a competing bidder) that it would not let the competing bidder own a team in the NHL. LP's very own David Blum and Lisa Vandesteeg discuss A Big Win For Leagues: Bankruptcy Court Defends The NHL's Right To Choose in the May-June issue of Professional Sports and the Law. For the full article please click here. "