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Quebecor Reorganization Plan Calls For New Board

Law360 (April 20, 2009, 12:00 AM EDT) -- With the blessing of major creditors, Quebecor World (USA) Inc., the U.S.' second-largest commercial printer, has filed a U.S. reorganization plan to modify stock offerings and reshuffle leadership in the hopes of emerging from Chapter 11 bankruptcy as soon as July.

The reorganization plan, filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, provides a cursory outline for how QWI, a former wholly owned subsidiary of Montreal-based Quebecor Inc., intends to unwind more than $1 billion in debt.

If the plan...
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