Senator Weighs In On Pacific Lumber Bankruptcy

Law360, New York (February 20, 2008, 12:00 AM EST) -- U.S. Sen. Dianne Feinstein (D-Calif.) has weighed in on Pacific Lumber Company Inc.'s bankruptcy proceedings, pushing for any reorganization plan that would adhere to long-standing conservation agreements designed to protect old-growth redwoods.

In a statement filed with the U.S. Bankruptcy Court for the Southern District of Texas, Feinstein said the Chapter 11 proceedings should be guided by both the 1996 Headwaters Agreement and the 1999 Habitat Conservation Plan.

“The mismanagement of Pacific Lumber should not be allowed to undermine these far-reaching agreements that were carefully negotiated...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.