Pacific Lumber Wants $100M In Flood Claims Nixed

Law360, New York (December 10, 2007, 12:00 AM EST) -- The Pacific Lumber Co. has asked a bankruptcy judge to throw out 86 claims that seek more than $100 million based on flood damage allegedly caused by the debtors' logging activities, saying the claimants made a conscious decision to live in known flood plains.

The Pacific Lumber debtors filed their objection to the claims on Friday, asking U.S. Bankruptcy Judge Richard S. Schmidt to throw out all 86 of them. If Judge Schmidt won't expunge the claims, the debtors want the court to enter an order...
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