7th Circ. Does The Math, Settlement Upheld

Law360, New York (January 6, 2012, 1:06 PM EST) -- Sometimes, appellate decisions are notable because they address new legal questions or answer old questions in a new way. In other circumstances, they shed light on the manner in which advocates should explicate their positions in an area where the law is well determined. In its recent decision in In re: Fort Wayne Telsat Inc., the United States Court of Appeals for the Seventh Circuit achieved the latter in upholding a Chapter 7 trustee’s settlement of litigation.

The opinion is interesting for two reasons: first, its...
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