Indexed News on:

--the California "Mega-Park" Project

Tracking measurable success on efforts across California to preserve and connect our Parks & Wildlife Corridors



WE POST NEWS THREE WAYS:
1. long detailed stories on blogspot (here!)
2. short messages on Twitter
3. automated news feeds from CA enviro websites in the right-hand column which change frequently and are not archived by our website (that's why we now have a twitter account to permanently capture the memorable feeds)

Tuesday, April 8, 2008

Pacific Lumber Bankruptcy Hearings: Creditors Don't Like Clearcutter Management's Plans; Most of Local Environmentalists, Elected Officials and Press Support Takeover by Mendocino Redwoods Co---owned by the family behind the Gap stores; Clearcutters Lose $72 million Lawsuit Against the Feds





Scotia's uncertain future weighs on residents
http://www.times-standard.com/localnews/ci_8848509
Times-Standard - Eureka,CA,USA 4-8-08 But the company in question -- Pacific Lumber Co. -- is now mired in debt, with creditors and rival companies fighting over the remaining pieces this week ...

EPIC urges backing for MRC's Palco plan
http://www.times-standard.com/opinion/ci_8821042 Times-Standard - Eureka,CA,USA 4-5-08 The Environmental Protection Information Center (EPIC) has battled Pacific Lumber since the venerable North Coast timber company's takeover by the ...

California Governor Backs Plan for PALCO Lands that Promotes ... All American Patriots (press release) - Taeby,NA,Sweden 4-4-08 The United States and the people of California have a vested interest in a successful reorganization of a Pacific Lumber Company that will result in sound ...
http://www.allamericanpatriots.com/48745385_california-governor-backs-plan-palco-lands-promote

A win for redwoods San Francisco Chronicle - CA, USA 4-7-08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/06/EDAD100B2F.DTL Arnold Schwarzenegger is sending the right message to a Texas bankruptcy court considering the fate of Pacific Lumber: It's time to remove a corporate ...

Wilson misleading about MRC's Palco planTimes-Standard - Eureka,CA,USA 4-3-08
http://www.times-standard.com/opinion/ci_8793250
All of these are estimates due to the difficulty of getting reliable information from Pacific Lumber Co. Governor Wilson may assert, the success of the ...

Rodoni applauds Governor Arnold Schwarzenegger’s MRC endorsementThe Eureka Reporter - Eureka,CA,USA 4-6-08
http://eurekareporter.com/article/080406-rodoni-applauds-governor-arnold-schwarzeneggers-mrc-endorsement
Mike Thompson are endorsing the Mendocino Redwoods Company and Marathon Structured Finance Fund Plan for Pacific Lumber Co.’s reorganization to lead the ...


Conservation, jobs and the environmentSan Francisco Chronicle - CA, USA 4-3-08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/02/EDAEVUPTV.DTL
Beginning next week, a US Bankruptcy Court in Corpus Christi, Texas, will review the five competing plans for the future of Pacific Lumber Co., ...

Governor, Thompson back MRC planTimes-Standard - Eureka,CA,USA 4-5-08
http://www.times-standard.com/ci_8821009
Arnold Schwarzenegger on Friday issued a statement of support for the Pacific Lumber Co. reorganization plan proposed by Marathon Structured Finance Fund ...

5th Circuit sets aside $72 million judgment for HurwitzHouston Chronicle - United States 4-4-08 http://www.chron.com/disp/story.mpl/headline/biz/5674890.html
Hurwitz said it was a Clinton administration scheme to pressure Pacific Lumber to give up 5000 acres of redwood forests in Northern California. ...

MAXXAM loses $46.9 million in 2007The Eureka Reporter - Eureka,CA,USA 4-3-08
http://eurekareporter.com/article/080403-maxxam-loses-469-million-in-2007
By NATHAN RUSHTON, The Eureka Reporter Just days ahead of the court proceeding to resolve Pacific Lumber Co.’s bankruptcy, its parent company, MAXXAM Inc., ...

Palco case plods onwardTimes-Standard - Eureka,CA,USA 4-1-08
http://www.times-standard.com/ci_8767237
The Pacific Lumber Co. and its creditors will jockey for position today as its bankruptcy enters what may be its final stage. ...

GREEN JOBS AND THE ENVIRONMENTBy Mark Golding - The Arts & Crafts Home(Mark Golding - The Arts & Crafts Home) 4-3-08
http://www.achome.co.uk/theorganichome/blogs/jobs/2008/04/green-jobs-and-environment.html
Beginning next week, a US Bankruptcy Court in Corpus Christi, Texas, will review the five competing plans for the future of Pacific Lumber Co., Scotia Pacific and, in a larger sense, the North Coast economy. ...

Scotia gets funds to buy its school from PalcoTimes-Standard - Eureka,CA,USA 4-3-08
http://www.times-standard.com/ci_8793252
... school district in California to be privately owned by a company, will finally be able to purchase its school site from the bankrupt Pacific Lumber Co. ...

Across the river and into the trees: North Coast timber saga again ...Capitol Weekly - Sacramento,CA,USA 4-3-08 http://www.capitolweekly.net/article.php?issueId=x0o06zi0f40j1i&xid=x0o0mavydw0jfp&_adctlid=v%7Cjq2q43wvsl855o%7Cx0o15tyliysk1z
In the end, financial reverses forced Pacific Lumber, unable to make payments on $714 million worth of bonds that included debt dating from the company's

Which plan for the future of Pacific Lumber Co. ? Redwoods at riskSan Francisco Chronicle - CA, USA 4-3-08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/02/EDAEVUPSF.DTL
Humboldt County's Pacific Lumber Co. was hijacked 22 years ago by corporate raiders who liquidated much of the company's storied redwood forest and drove ...

AROUND THE REGIONHouston Chronicle - United States 4-2-08
http://www.chron.com/disp/story.mpl/business/5670248.html
Since January 2007, Maxxam's largest business, Pacific Lumber Co., has been in bankruptcy, and its results have not been included in Maxxam's reports. ...

PALCO bankruptcy finale on track to start next week The Eureka Reporter - Eureka, CA, USA 4-1-08
http://eurekareporter.com/article/080401-palco-bankruptcy-finale-on-track-to-start-soon
By NATHAN RUSHTON, The Eureka Reporter Lawyers in the Pacific Lumber Co. bankruptcy hashed out several issues in a hearing Tuesday, just one week ahead of ...


Judge critical of Pacific Lumber bankruptcy plan Houston Chronicle - United States 4-1-08
http://www.chron.com/disp/story.mpl/business/5665583.html
The judge overseeing the bankruptcy of Pacific Lumber Co., the timber unit of Houston-based Maxxam, said he plans to reject two of the company's three ...

Indenture Trustee plan best for Palco Times-Standard - Eureka,CA,USA 4-1-08 by Pete Wilson
http://www.times-standard.com/opinion/ci_8767225
A United States Bankruptcy Court is reviewing plans to determine the future of the Pacific Lumber Co., Scotia Pacific, and possibly the economic stability ...

PERSONAL PERSPECTIVE Woodsman, spare that politician San Francisco Chronicle - CA, USA 3-31-08
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/30/EDITVS8U5.DTL
These lofty figures are players in the near-billion-dollar bankruptcy of the world's largest redwood company, Pacific Lumber. The case has dragged on for a ...


Election brings out hypocrisy By Heraldo 3-30-08 http://humboldtherald.wordpress.com/2008/03/30/election-brings-out-hypocrisy/
“The prosperous and sustainable future of Pacific Lumber Co.’s timberlands, lumber mill, employees and town of Scotia is one of the most important economic and cultural assets of my district,” Rodoni said. “I will do everything in my ...


Mendocino/Marathon have the best plan Times-Standard - Eureka,CA,USA 3-30-08
http://www.times-standard.com/opinion/ci_8747640
The Pacific Lumber bankruptcy case is a complicated one, with many stakeholders elbowing each other to get the nod from the federal bankruptcy judge in ...

Rodoni gives input to state on PALCO bankruptcy The Eureka Reporter - Eureka,CA,USA 3-30-08
http://eurekareporter.com/article/080330-rodoni-gives-input-to-state-on-palco-bankruptcy
“The prosperous and sustainable future of Pacific Lumber Co.’s timberlands, lumber mill, employees and town of Scotia is one of the most important economic ...

Bankruptcy court holds fate of Headwaters land Sacramento Bee - CA, USA 3-30-08
http://www.sacbee.com/110/story/820227.html
At issue will be three competing plans for resolving creditors' claims against two affiliates of Maxxam Inc., Pacific Lumber Co. and Scotia Pacific Co., ...

Former Governor Pete Wilson to lead SCOPAC reorganization The Eureka Reporter - Eureka,CA,USA 3-27-08
http://eurekareporter.com/article/080327-pete-wilson-to-lead-scopac-reorganization
Consultants for the Indenture Trustee representing the Timber Noteholder group, which is owed nearly $800 million by Pacific Lumber Co. ...

The NCJ Wrap By japhetweeks 3-27-08
http://ncjournal.wordpress.com/2008/03/27/the-ncj-wrap/
In the Town Dandy, the NCJ’s Great Helmsman shares the paper’s rationale for how it voted in the Pacific Lumber bankruptcy claim. After seriously mulling over the advise of readers, the Journal finally went with its gut and “pulled the ...

The $85 Question North Coast Journal - Arcata,CA,USA 3-27-08
http://www.northcoastjournal.com/032708/towndandy0327.html
Small potatoes when set next to the billion-odd dollars of total debt carried on the books of Pacific Lumber and its various sister companies, ...

After years in the woods, Fish and Game has come to town with a ... North Coast Journal - Arcata,CA,USA 3-27-08
http://www.northcoastjournal.com/032708/cover0327.html
"Everybody here worked in timber," Leppig says, adding he spent six years on Pacific Lumber Co.'s habitat conservation plan. "Well, what we realized was, ...

Former Governor Wilson Selected to Manage Scotia Pacific ... Business Wire (press release) - San Francisco,CA,USA 3-27-08
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080327006038&newsLang=en
Scotia Pacific is a successor to Pacific Lumber Company. Following completion of the Headwaters Agreement, Pacific Lumber’s parent company—Maxxam—created ...

Former Gov. Wilson to lead Palco creditors' plan Times-Standard - Eureka,CA,USAPete Wilson has signed on to guide the reorganization of the Pacific Lumber Co.'s timber-holding subsidiary if a creditors' plan is approved in April by the ...

Mr. Rodoni goes to Sacramento By Heraldo 3-26-08
http://humboldtherald.wordpress.com/2008/03/26/mr-rodoni-goes-to-sacramento/
Supervisor Roger Rodoni went to Sacramento last week for a presentation of reorganization plans submitted in the Pacific Lumber bankruptcy case. The presentation was attended by parties involved in the 1999 Headwaters Agreement. ...

Election Roundup Times-Standard - Eureka,CA,USA 3-25-08
http://www.times-standard.com/ci_8694239
Second District Supervisor Roger Rodoni was among several government officials in Sacramento March 19 to hear from Pacific Lumber Co. bankruptcy plan ...

Who says Treesitting doesn't work? By XANTAR!!!!!(HUMBOLDT FOREST DEFENSE) 3-24-08
http://humboldtforestdefense.blogspot.com/2008/03/who-says-treesitting-doesnt-work.html
Apparently, Pacific Lumber missed the boat to refile the "Bonanza" THP, home of "Spooner" and the Nanning Creek Treesit village. Pacific Lumber was required to file an extension on THP#1-05-097 by mid-March 2008 in order to continue ...

Mendo Redwood woos Fortuna on Palco Willits News - Willits,CA,USA 3-16-08
http://www.willitsnews.com/ci_8592082?source=most_viewed
The company's chairman, Sandy Dean, walked a crowd of about 150 through the company's proposal to reorganize the bankrupt Pacific Lumber Co. ...

No comments: