Ruling Delayed On Fairpoint Rebatepressherald.Com ; the Company's Dispute with the Maine Puc Over a Poor-Service Penalty Is Rescheduled for Jan. 12.

Summary

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FairPoint Communications is scheduled to file a reorganization plan Thursday in U.S. Bankruptcy Court in New York, but the resolution of a related dispute between the company and the Maine Public Utilities Commission has been delayed at least until January.

Burdened by debt after spending $2.3 billion to buy Verizon's landline network in northern New England, FairPoint filed for Chapter 11 bankruptcy reorganization on Oct. 26.

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Extract

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Ruling Delayed On Fairpoint Rebatepressherald.Com ; the Company's Dispute with the Maine Puc Over a Poor-Service Penalty Is Rescheduled for Jan. 12.

It had 45 days from then to negotiate with creditors, regulators and workers and come up with a plan to emerge as a viable phone and Internet comp...

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