Schwarzenegger Takes Sides In Pacific Lumber Case

Law360, New York (April 7, 2008, 12:00 AM EDT) -- California Gov. Arnold Schwarzenegger has thrown his support behind the reorganization plan proposed by MRC/Marathon in the Pacific Lumber bankruptcy case, contending that the group's outline best satisfies the goal of protecting the California timberlands.

Schwarzenegger issued a letter of support to the U.S. Bankruptcy Court for the Southern District of Texas on Friday. The letter said that the Mendocino Redwood Company and Marathon Structured Finance had met the five public-interest principles needed to win his backing.

“The MRC/Marathon plan best satisfies the first and second...
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