AbitibiBowater, Inc. (fka ABWTQ)

[emailjanum]

Fundamentally the Plan cannot be confirmed unless each impaired class votes to accept 11 U.S.C. § 1129(a)(8). Here, the proposed Plan extinguishes Common Stock, deeming that class to reject the proposed Plan. 11 U.S.C. § 1126(g). Accordingly, the Court can only confirm the proposed Plan if the Debtors prove, among other things, that the proposed Plan is “fair and equitable” by adhering to the absolute-priority rules and that the proposed Plan does not unfairly discriminate against the holders of Common Stock.