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A New York bankruptcy judge had no right to block the Federal Communications Commission from re-auctioning billions of dollars of radio spectrum licenses, the 2nd U.S. Circuit Court of Appeals ruled. The issue hinged on whether the purpose of the spectrum auctions, after the original purchaser filed for bankruptcy, was primarily regulatory rather than fiscal. The 2nd Circuit ruled the former, and emphasized that "the bankruptcy court is without power to review the FCC's regulatory actions."
May 26, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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