FairPoint Communications may ask a federal court to overturn the rejection of its reorganization plan by Vermont regulators as the phone company tries to emerge from bankruptcy.
Michael Smith, president of FairPoint’s Vermont operations, said that’s one of two broad options the company is considering in response to the Public Service Board’s rejection of the company’s reorganization plan on June 28.
The other option is to go back to the state board and ask it to reconsider.
Smith said FairPoint operates in 18 states, and the Vermont board is the only one to reject its plan to emerge from bankruptcy. He called the board’s order a surprise and a disappointment.
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