Judge Refuses to Approve Pacific West Plan

http://www.cbc.ca/news/canada/nova-scotia/story/2012/09/10/ns-cra-newpage-mill-ruling.html

Pacific West Commercial Corp.’s order for the Nova Scotia Supreme Court to sanction its restructuring plan in order to buy the NewPage Port Hawkesbury mill in Point Tupper, Nova Scotia, was refused on Sept. 10, reported CBC News on Sept. 10.
Justice John Murphy declined to give his approval for the plan of compromise and arrangement, saying he disapproved of some of the broad releases for the creditor protection process, such as taking away the rights of “as-yet unidentified parties” to make claims.