FairPoint Wins Approval Of Disclosure Statement

Law360, New York (March 12, 2010, 7:12 PM EST) -- FairPoint Communications Inc. has won approval of its amended disclosure statement with a judge's order letting the bankrupt telecommunications provider begin soliciting votes on its reorganization plan.

Judge Burton R. Lifland approved the statement, along with ballots and schedules, in his order Thursday in the U.S. Bankruptcy Court for the Southern District of New York, saying the statement contained adequate information about the reorganization plan the company filed a month ago.

To push the plan forward, FairPoint also agreed Thursday to reimburse reasonable out-of-pocket expenses for...
To view the full article, register now.