Aereo Gets OK From Bankruptcy Court To Auction Technology Assets

An anonymous reader writes Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan gave permission to Aereo to sell its remaining assets to the highest bidder. The decision came after Aereo reached an agreement with the major broadcast networks that are suing the service. From the article: "Now a bankruptcy court in New York has granted Aereo permission to sell off its assets, with one big caveat: those angry broadcasters who shut them down in the first place? They get to approve any sales that go down. The auction will take place on February 24, at which point the broadcasters have two weeks to decide if they're okay with the highest bidder."

Comments

Re:online DVD rental service

[jedidiah]

The law isn't the problem. Judges are corrupt and willing to consider inappropriate things like "will this cause the profits of a corporation to suffer" rather than just applying the law. It was a well crafted bit of technical trickery meant to follow the letter of the law.

The court chose to ignore that. Lower courts then chose to ignore the mental gymnastics the higher court came up with.

They changed the rules and refused to allow Aereo to change to accommodate them.