Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 18 Nov 2011
Voicing concern about the Rural Utilities Service’s (RUS) oversight of federal loans for rural broadband network projects, six members of the House Energy and Commerce Committee wrote to RUS Administrator and former FCC Commissioner Jonathan Adelstein to request information on a $267 million loan granted by the RUS to Open Range Communications, a regional broadband service provider that filed......
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 4 Nov 2011
FairPoint Communications’ 2008 purchase of New England landlines from Verizon Communications is the subject of a $2 billion fraudulent transfer lawsuit, filed late last week by a litigation trust formed by FairPoint creditors, who claim that the $2.3 billion acquisition forced FairPoint into bankruptcy just 18 months later.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 8 Jul 2011
A consortium uniting Apple, Inc. and Microsoft with other top players in the software, electronics and wireless handset industries outplayed Google in a bankruptcy court auction for Nortel’s patent portfolio, posting a winning offer of $4.5 billion for the trove of 6,000 patents that cover fourth-generation wireless, data networking, Internet, and semiconductor technologies.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 6 May 2011
Google stepped closer to acquiring Nortel’s portfolio of 6,000 telecommunications, wireless and Internet patents on Monday as courts in the U.S. and Canada approved the web search giant’s “stalking horse” offer of $900 million for those patents.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 7 Jan 2011
Regional landline network operator Fairpoint Communications is finally poised to emerge from Chapter 11 bankruptcy as a result of the decision of the Vermont Public Safety Board (VPSB) to approve the company's amended reorganization plan.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 22 Oct 2010
Straining under a debt burden in excess of $1 billion, TerreStar Networks filed a petition for Chapter 11 protection with a New York bankruptcy court on Tuesday.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 2 Jul 2010
On Monday, the Vermont Public Safety Board (VPSB) threw up a roadblock against Fairpoint Communications' quest to emerge from bankruptcy with the issuance of a 96- page order that rejects the company's plan of reorganization.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 12 Feb 2010
Overcoming months of delay, regional local exchange carrier Fairpoint Communications filed a reorganization plan with a New York bankruptcy court that would reduce the carrier's debt load by two-thirds and give secured creditors an ownership stake of 92% in the post-bankruptcy entity.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 30 Oct 2009
Governors of three New England states have vowed to monitor Chapter 11 proceedings launched on Monday by Fairpoint Communications, which paid $2.3 billion last year to acquire New England fixed line telephone infrastructure owned previously by Verizon Communications.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | USA | 2 Jul 2009
Citing a slowdown in its business caused, in part, by the recent global credit crunch, Sea Launch has filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code.