AbitibiBowater Exec Defends Handling of BCFC Claims

Law360, New York (October 19, 2010, 7:07 PM EDT) -- The evidentiary phase of AbitibiBowater Inc.’s Chapter 11 plan confirmation hearing wrapped up Tuesday, with the debtors' chief legal officer defending various measures undertaken to ensure that a subsidiary could pursue claims against its parent without conflict.

Jacques Vachon testified before the U.S. Bankruptcy Court for the District of Delaware that the debtors erected a wall within the legal department to prevent conflicts of interest regarding Bowater Canada Finance Corp.’s claims against its parent, which are the main sticking points holding up the company’s emergence from...
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