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In the wake of its aborted $800 million merger with Verizon Communications, San Francisco-based DSL provider NorthPoint Communications Group filed for Chapter 11 protection. Although NorthPoint announced it had secured a commitment for up to $38 million in debtor-in-possession financing, the company's greatest asset may be the $1 billion lawsuit it filed last month against Verizon.
January 17, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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