5th Circ. Pins $29.7M Claim To Pacific Lumber
The U.S. Court of Appeals for the Fifth Circuit ruled on Tuesday that a bankruptcy court had failed to award noteholders their portion of proceeds Pacific Lumber earned from timber sales during the bankruptcy proceedings.
The court ordered Pacific Lumber, which was bought out of bankruptcy by Marathon Structured Finance Fund LP and Mendocino Redwood Co. LLC in 2008,...
To view the full article, register now.