Fairpoint Communications Goes Bust

Bankrupt (Going Out of Business Sign)

No need to trade Fairpoint Communications, Inc. (NYSE:FRP) anymore the company has gone Chapter 11, common shareholders will be lucky to get back pennies at this point for any shares owned.

Paulson and Gordon Take on Fairpoint Comm

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John Paulson and Angelo Gordon, two big players in distressed assets, have amassed large positions in the bank debt of Fairpoint Communications, Inc. (Public, NYSE:FRP). The New England phone provider could be

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