NorthPoint Communications Group, Inc. was a competitive local exchange carrier focused on data transmission via digital subscriber lines.

[1] The company was founded in 1997 by Michael W. Malaga and 5 other former executives of Metropolitan Fiber Systems.

[5][4] After the earnings restatement, Verizon terminated its acquisition agreement, claiming that a material adverse change had occurred.

[6] The lawsuit was settled out of court in July 2002, with Verizon agreeing to pay $175 million to Northpoint.

[7] NorthPoint stated that "it would cut its workforce by 19%, or 248 jobs, to lower expenses after the collapse of its merger with Verizon.