The struggling Aereo , whichclosed its Boston office but refuse to actually shut down , is now filing for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York .
https://gizmodo.com/aereos-latest-death-rattle-comes-as-boston-office-shutt-1655599827
In acompany blog spot , CEO and father Chet Kanojia explained :
While we had significant triumph in the Union territorial dominion tourist court in New York and Boston and the Second Circuit Court of Appeals , the reversal of the Second Circuit decisiveness in June by the U.S. Supreme Court has proven unmanageable to overcome . The U.S. Supreme Court decision effectively changed the law of nature that had regulate Aereo ’s applied science , creating regulative and legal uncertainness . And while our team has focused its vim on exploring every itinerary forward available to us , without that clarity , the challenge have proven too unmanageable to defeat .
It ’s sad that what foretell to be a consumer - favorable and broadly speaking reasonably terrific overhaul has been repel into the solid ground by regulation , but then that ’s the way laws work . So long , Aereo : it was corking while it hold out . [ TechCrunch ]
Aereo
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