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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.