In re Fort Wayne Telsat, Inc.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
This appeal requires us to explore the duty of a trustee in bankruptcy to prosecute uncertain claims for the recovery from third parties of assets allegedly owned by the bankrupt estate.
Indiana University had what is called an “Instructional Television Fixed Service” license, which had been issued by the Federal Communications Commission and authorized the university to broadcast on specified frequencies. Licenses of ITFS frequencies are available only to not-for-profit entities, such as the university, and mainly enable the licensee to broadcast educational materials to…
2Cases cited17 opinions
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