Northpoint Communications

The Brattle Group was retained by the debtor estate of NorthPoint in its lawsuit against Verizon Communications following a failed $2.5 billion merger. Northpoint alleged Verizon improperly terminated the merger. Verizon alleged a material adverse change resulting from restated financial results and significant declines in quarterly revenue. The matter settled before trial with Verizon agreeing to pay $175 million to the estate of NorthPoint and withdrawing certain bankruptcy claims against the estate.