FairPoint Communications

 

FairPoint Creditors Seek Vengeance Against Verizon

A lawsuit asserts that Verizon Communications transferred to FairPoint a legacy, low-margin  business  Spinco  that was shrinking more rapidly than FairPoint knew and excluded two essential components from the sale.

FairPoint Sues Level 3

The suit claims Level 3 owes FairPoint $4.3 million for accessing its lines in New Hampshire, with additional debt incurred in Maine and Vermont.

FairPoint Says Goodbye to Bankruptcy

The reorganization plan wiped out the company’s old common stock, and left FairPoints lenders, some unsecured creditors and certain employees and directors with shares in the company.

FairPoint Creditors, Lenders Say Yes to Reorg Plan

FairPoint Communications Inc. creditors and lenders have given the bankrupt service provider’s reorganization plan a thumbs-up, but utilities officials in three states have yet to do the same. A U.S. Bankruptcy Court in Manhattan approved the proposal on Tuesday and, as a FairPoint spokeswoman told the Dow Jones Daily Bankruptcy Review, there was no significant […]

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