FairPoint Communications 2006 Annual Report Download - page 98

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

remand the action to the North Carolina State Court, which was denied by the Federal Magistrate. The plaintiff has objected to and appealed the Magistrate’s
decision to the District Court Judge. The Company has contested the appeal and filed a Motion to Dismiss the action. The Magistrate, on February 9, 2006,
issued a Memorandum and a Recommendation to the District Court Judge that the Motion to Dismiss be granted and that the complaint be dismissed with
prejudice. The plaintiff has filed a Notice of Objection to the Magistrate’s Recommendation. Both the appeal of denial of the Motion to Remand and the Motion
to Dismiss are pending before the District Court Judge. The Company believes that this action is without merit and intends to continue to defend the litigation
vigorously.
From time to time, the Company is involved in litigation and regulatory proceedings arising out of its operations. The Company is not currently a party
to any legal proceedings, the adverse outcome of which, individually or in the aggregate, that management believes would have a material adverse effect on the
Company’s financial position or results of operations.
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