Poor Aereo. Despite the clear risks in their business followed by a resounding Supreme Court defeat, the corporate remnants and creditors aren’t prepared to simply cut their losses and move on. Has this new litigation precluded TiVo from acquiring certain assets… or will it merely tarnish them? From NASDAQ:
The already contentious bankruptcy of defunct TV-streaming service Aereo Inc. turned even more so this week with the filing of a lawsuit accusing major broadcasters of chilling the bidding in an asset sale intended to raise money for Aereo’s creditors. The suit, filed Monday in U.S. Bankruptcy Court in New York, says the broadcasters “have aggressively pursued litigation strategies that are objectively baseless” and served no purpose other than to hurt Aereo.