Sierra Pacific Settles For Record $122.5M In Wildfire Case

Law360, New York (July 17, 2012, 5:07 PM EDT) -- Sierra Pacific Industries Inc. reached a $122.5 million settlement Tuesday with the federal government over its role in the massive 2007 Moonlight Fire in northern California — the largest recovery ever received by the U.S. for forest fire damages.

The U.S. Attorney's Office for the Eastern District of California said the settlement amount is to be paid as $55 million in cash and a conveyance of 22,500 acres of land in California owned by Sierra Pacific. The U.S. Forest Service will choose the land from large selections offered by Sierra Pacific.

The acreage currently has an estimated value of at least...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!