Palco 'Headwaters' Agreement Receives Court OK

Law360, New York (July 21, 2008, 12:00 AM EDT) -- In the face of a challenge from environmentalist and labor groups, California's highest court has ordered bankrupt logger Pacific Lumber Co. to amend the logging plan it submitted under a massive 1996 settlement with the federal and California governments, while otherwise largely confirming the so-called Headwaters Agreement.

Last Thursday, the Supreme Court of California mostly upheld a California appellate court's 2005 ruling that reversed a trial court decision and confirmed nearly all of the regulatory approvals that Palco obtained under the 1996 agreement.

This suit was...
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