Here Come The Net Neutrality Lawsuits

Loading...
Loading...
Although the Federal Communications Commission has passed a set of regulations that protects net neutrality by classifying the internet as a public utility, the rules are far from being set in stone and broadband providers are already looking to keep it that way. This week two petitions against the FCC rules were filed as big-name telecom's settled in for a long fight.
Already?
The US Telecom Association and Alamo Broadband Inc. both
filed
petitions on Monday to ensure that they would have a chance to fight the new rules before the deadline for filing expired. Alamo said the petitions were filed so early because some of the FCC's language describing the timing for lawsuits was ambiguous. US Telecom similarly said it was being overly cautious to avoid being barred from challenging the ruling.
Bring It On
FCC Chairman Tom Wheeler warned that the filings could be dismissed for being submitted so early, but either way he said he is behind the new rules 100 percent.The FCC has been expecting legal backlash from internet providers who made a barrage of threats when the regulations were being decided. The commission says the rules are completely legit and that it is prepared to back them up in court.
Speaking Of Threats
With the new rules officially on the table, most are expecting to see a long legal dispute before any real changes are made. So far, no cable companies have directly petitioned the FCC as Verizon did in 2010, but the US Telecom Association represents the interests of big names like
AT&T ATT
,
Verizon
Loading...
Loading...
VZ
and a variety of other smaller providers.
ComcastCMCSA
was very vocal about plans to fight back against the new rules by suing the FCC and withdrawing planned investment in the company's network, but so far the company has yet to make good on those threats.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesMarketsTechFederal Communications Commissionnet neutralityTom Wheeler
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...