Aereo Inc., the company behind a now-defunct TV-streaming service, won final court approval yesterday of a liquidation plan that will divvy up the proceeds from the sale of the company’s assets, the Wall Street Journal reported today. Bankruptcy Judge Sean Lane said that he would sign off on the plan following a brief hearing yesterday. Unsecured creditors, slated to receive about 10 percent of what they are owed, voted unanimously to support the proposal. Aereo effectively shut down a year ago following a landmark U.S. Supreme Court loss last June and sought chapter 11 protection in November. Under the liquidation plan, proceeds from the sale of the company’s assets are earmarked to pay a $950,000 settlement the company reached with broadcasters to put an end to litigation over the legality of Aereo’s business model.
