Verizon Weighing Lawsuit Against FCC

Apparently, Verizon, the nation's second largest telecommunications carrier, may seek to overturn the historic open Internet rules to be approved by the Federal Communications Commission Dec 21.

Sources said the option is on the table, but cautioned that no final decision has been made. The company will review the details of the new network neutrality rules set for adoption by the agency's three Democratic regulators to gauge its next move. Unlike the nation's largest telecom provider, AT&T, which met extensively with agency officials to discuss the regulatory proceeding and endorsed FCC Chairman Julius Genachowski's Dec. 1 announcement of new Internet restrictions, Verizon has largely stayed on the sidelines and issued no endorsement. FCC watchers expect legal challenges both from entities that think the proposal goes too far and those that complain it's too weak.