Karen Pickett

Pacific Lumber Bankruptcy UPDATE As noted in our last update on the long saga of Pacific Lumber bankruptcy and the impending departure of PL/Maxxam from Humboldt County, Judge Richard Smith, presiding over the bankruptcy case since it was first filed in January 2007, chose the reorganization plan of Mendocino Redwoods Co. over the creditor Noteholders’ plan for an asset auction. In order to give the Noteholders time to respond, he scheduled a hearing a week out to codify his decision. He has now rescheduled that hearing, which was scheduled to take place today, for June 30. While Judge Schmidt said …

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Maxxam has left the building. Almost. The much anticipated decision in the Pacific Lumber bankruptcy case came down today with a decision that takes control of Humboldt County’s redwoods out of Maxxam/Hurwitz/Pacific Lumber hands, at long last. Our rallying cry of the last 2 decades: MAXXAM OUT OF HUMBOLDT! has finally come to pass! I paste links to several news stories below, and to EPIC’s press release, to round out the information for you. Judge Richard Schmidt ruled today in the Corpus Christi, Texas court that has been hearing the case since January, 2007, that of those vying for control …

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PACIFIC LUMBER BANKRUPTCY UPDATE from the Bay Area Coalition for Headwaters May 3, 2008 For those of you following the unfolding drama of the Pacific Lumber bankruptcy story, there is much to report, but it’s not over yet. After this week’s proceedings in Corpus Christi court, resolution is still at bay, but things are evolving faster and bit more furiously than in previous months. A decision regarding management of the company and its redwood holdings is close. For now, I will let a fairly comprehensive news clip and the blog of court observer (and Humboldt county resident and Community Forestry …

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>< PACIFIC LUMBER BANKRUPTCY UPDATE from the Bay Area Coalition for Headwaters April 10, 2008 >< update for Pacific Lumber watchers and redwood fans-- This is a big week for the Pacific Lumber bankruptcy case in court in Corpus Christi, Texas. A hearing (actually a confirmation trial) has been going on since Tuesday following voting on various corporate reorganization proposals by the company's creditors. Below are articles from Humboldt papers from the last couple days. (Apologies--the hot links function is not working on the webmail I am sending this from, so paste into your browser.) ***We will send out a ...

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>< UPDATE and ALERT from the Bay Area Coalition for Headwaters January 1, 2008 >< :: Pacific Lumber Bankruptcy Update ::Update on the Oak Grove Tree Sit in Berkeley PACIFIC LUMBER IS ONE YEAR INTO BANKRUPTCY AND A SHIFT IS FINALLY MANIFESTING The last lengthy update we sent you on the Pacific Lumber situation was covering their long-awaited reorganization plan, released publicly and submitted to the Texas bankruptcy court in late September. Our Oct. 2 update detailed their plans to sell their old growth for an exorbitant price tag to a non-existent buyer, sell another 22,000 acres for high-end luxury ...

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