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Re: emailjanum post# 23837

Sunday, 11/21/2010 10:42:34 AM

Sunday, November 21, 2010 10:42:34 AM

Post# of 24889
My Finding of Facts and Conclusion of Law: The Newsprint market sharply rebounded in 2010 based on the industry rationalization that occurred during 2009. The export demand has also risen and AbitibiBowater is not able to fill all the orders. Rather then revising projections to reflect dramatic industry upturn, the Debtors artificially capped their profitability to ensure confirmation of the Plan that overpays creditors and enriched management.

'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'

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