Agencies Fight Pacific Lumber’s Extension Bid

Law360, New York (May 10, 2007, 12:00 AM EDT) -- A group of California state agencies has objected to Pacific Lumber Co.’s bid to extend its period of exclusivity, arguing that the bankrupt timber company’s requests are not supported by any evidence.

The objection, filed Wednesday in the U.S. Bankruptcy Court for the Southern District of Texas, opposes Pacific Lumber’s requests for a four-month extension of the exclusive periods to file and obtain acceptances for its reorganization plan.

“The motions do not in any way address why the debtors need an extension of four months, what...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.