Quebecor World's Restructuring Plan Finds Resistance

The U.S. government asked a bankruptcy judge to deny Quebecor World's plan to exit bankruptcy tomorrow because of unpaid taxes and environmental penalties. The government said the plan lets a number of third parties off the hook for claims and liabilities, including $150 million in penalties to the Environmental Protection Agency and more than $10 million in unpaid corporate taxes owed to the Internal Revenue Service.