Posted AT 3:15 PM EST on 05/09/08
ABCP plan backers argue against a Supreme Court hearing
The Supreme Court of Canada shouldn't hold a hearing on the challenge by a small group of corporations to the $32-billion asset-backed commercial paper restructuring because there are no issues of national importance that require settling, backers of the plan argued Friday in a filing with the high court.
Companies such as Jean Coutu Group (PJC) Inc. and Ivanhoe Mines Ltd.
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