We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Harvard Endowment Eyes Pacific Lumber Land

Law360 (March 31, 2008, 12:00 AM EDT) -- Harvard Management Corp., which stewards Harvard University's $35 billion endowment, is considering purchasing tracts of Pacific Lumber Co.'s California redwoods forests, the bankrupt lumber company has revealed.

Palco made the disclosure on Thursday in a footnote to a motion in its Chapter 11 case, which asked for sanctions against a separate coalition of interested buyers of over 200,000 acres of company land.

That alliance, which includes environmental groups such as the Save-the-Redwoods League, is guilty of a "willful failure to comply with subpoenas," according to Palco....
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.