$88M AbitibiBowater Contract Spat To Stay On Hold

Law360, New York (September 10, 2009, 1:20 PM EDT) -- A contract dispute between AbitibiBowater Inc. and The Levin Group, an advisory firm that accused the bankrupt newsprint producer of withholding $88 million in consulting fees, will remain on hold in state court, a federal bankruptcy judge has ruled.

Judge Kevin J. Carey denied without prejudice TLG's motion for relief from the automatic stay Sept. 9 in the U.S. Bankruptcy Court for the District of Delaware. The order does not prevent AbitibiBowater from responding to the firm's objections in the Chapter 11 proceedings.

AbitibiBowater had argued...
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