Pacific Lumber Bids For Stay To Halt Qui Tam Suit

Law360, New York (June 6, 2007, 12:00 AM EDT) -- Pacific Lumber Co. has filed a motion asking the court overseeing the bankrupt timber outfit's Chapter 11 proceedings for an injunction barring a qui tam case from proceeding against Pacific Lumber's parent company Maxxam Inc. and Maxxam's president and chief executive until Pacific Lumber emerges from bankruptcy.

Pacific Lumber and two bankrupt subsidiaries filed the motion seeking an injunction and asking the court to extend the automatic stay afforded bankrupt companies to Maxxam and President and CEO Charles Hurwitz on Tuesday, arguing that to allow the...
To view the full article, register now.