• On November 23, 2011, the Second Circuit Court of Appeals affirmed a New York federal trial court’s affirmance of a bankruptcy court’s holding that Manhattan Telecommunications Corp. (MetTel) had an allowed claim for over $200,000 of lost profits against debtor Best Payphones. The court agreed that MetTel did not repudiate the parties’ contract by sending a disconnection letter for non-payment under a separate contract. The court of appeals also agreed that adding an $8.08 federal subscriber line charge in its lost profits calculation – making up a quarter of the lost profits claim – was not improper, because MetTel “presented testimony that the charges were believed to be authorized by tariff and that all local exchange carriers invoice and retain the line charge rather than forwarding it to another carrier.” In re Best Payphones, Inc., Nos. 10-2830-cv, et al. (2d Cir.).