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Creditors Sue Verizon For $2B Over FairPoint Deal

By Abigail Rubenstein (November 1, 2011, 8:08 PM EDT) -- Former creditors of FairPoint Communications Inc. slapped Verizon Communications Inc. with a $2 billion fraudulent transfer suit Friday in North Carolina, claiming the telecom giant drove FairPoint to bankruptcy by luring it into the "disastrous" purchase of outdated telephone infrastructure....

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