FairPoint may ask court to reverse Vt. ruling [telecom]

MONTPELIER, Vt.: FairPoint Communications may ask a federal court to overturn Vermont regulators' rejection of its reorganization plan as northern New England's dominant landline phone company tries to emerge from bankruptcy, a company executive said Tuesday.

Michael Smith, president of FairPoint's Vermont operations, said that's one of two broad options the company is looking at after the Public Service Board nixed the company's reorganization plan on June

1. That decision put Vermont at odds with New Hampshire and Maine, which had approved the reorganization plan.