IN RE FORT WAYNE TELSAT, INC.

No. 11-2112.

665 F.3d 816 (2011)

In re FORT WAYNE TELSAT, INC., Debtor-Appellee. Appeal of JAS Partners, Ltd.

United States Court of Appeals, Seventh Circuit.

Decided November 23, 2011.

Rehearing Denied December 16, 2011.


Attorney(s) appearing for the Case

R. David Boyer, II (argued), Attorney, Boyer & Boyer, Fort Wayne, IN, for Debtor.

Robert L. Nicholson (argued), Attorney, Carson Boxberger LLP, Fort Wayne, IN, for Appellant.

Jeremy N. Gayed (argued), Attorney, Barrett & McNagny, Fort Wayne, IN, for Defendants-Appellees.

R. David Boyer, II , Boyer & Boyer, Fort Wayne, IN, for Trustee-Appellee.

Before BAUER, POSNER, and WOOD, Circuit Judges.


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...

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