PALCO | The Eureka Reporter

PALCO bankruptcy hearings rest with two-week break

Published: May 2 2008, 11:44 PM · Updated: May 3 2008, 1:33 AM

By NATHAN RUSHTON, The Eureka Reporter

There were no surprise deals or breakthroughs in the Pacific Lumber Co. bankruptcy proceedings Friday that wound down uneventfully with the end of testimony in support of the surviving reorganization plans.

PALCO abandons reorganization plan to back MRC

Published: May 1 2008, 11:05 PM · Updated: May 2 2008, 12:04 PM

By NATHAN RUSHTON, The Eureka Reporter

Pacific Lumber Co. announced in federal court Thursday that it withdrew its reorganization plan as part of a deal with Mendocino Redwood Co. to support its bid for the bankrupt company.

Experts detail SCOPAC reorganization plan

Published: Apr 30 2008, 11:04 PM · Updated: May 1 2008, 12:10 AM

By NATHAN RUSHTON, The Eureka Reporter

While Scotia Pacific Co. moved forward with expert testimony for its reorganization plan, there were no major developments in federal bankruptcy court Wednesday on the surprise deal announced the previous day.

Attorneys in Pacific Lumber Co. bankruptcy announce deal with competing company

Published: Apr 29 2008, 10:44 PM · Updated: Apr 30 2008, 12:00 PM

By NATHAN RUSHTON, The Eureka Reporter

After a week-long break and another failed attempt at a mediated settlement, Pacific Lumber Co. announced in bankruptcy court Tuesday that a deal was in the works with Mendocino Redwood Co.

American Stock Exchange extends deadline for MAXXAM compliance

Published: Apr 24 2008, 10:35 PM

The American Stock Exchange (AMEX) has given Pacific Lumber Co. parent-company MAXXAM Inc. until June 30 to come into compliance with the federal financial filings or risk delisting.

District Attorney Paul Gallegos' fraud lawsuit halted by California Supreme Court

Published: Apr 24 2008, 5:59 PM · Updated: Apr 25 2008, 12:31 AM

By NATHAN RUSHTON, The Eureka Reporter

Ending a five-year legal odyssey through the state’s court system, the California Supreme Court has refused to review Humboldt County District Attorney Paul Gallegos’ appeal of his fraud lawsuit against The Pacific Lumber Co.

Judge orders PALCO bankruptcy into mediation

Published: Apr 18 2008, 10:27 PM · Updated: Apr 18 2008, 11:26 PM

On Friday, after a brief hearing to discuss the matter the previous day, the judge overseeing the Pacific Lumber Co.’s bankruptcy ordered the parties into mediation.

Judge considers mediation again in PALCO bankruptcy

Published: Apr 16 2008, 10:51 PM

By NATHAN RUSHTON, The Eureka Reporter

The federal judge overseeing Pacific Lumber Co.’s bankruptcy proceeding has ordered the reorganization plan proponents to a conference today to discuss the possibility of court-ordered mediation.

PALCO bankruptcy on hold

Published: Apr 11 2008, 10:35 PM · Updated: Apr 12 2008, 2:06 AM

By NATHAN RUSHTON, The Eureka Reporter

If there ever was a bankruptcy case where Texas judge Richard Schmidt said he would like to lock all the attorneys in a room until they resolved their differences, “This would be the one,” he said.

PALCO confirmation hearings enters third day

Published: Apr 10 2008, 10:10 PM · Updated: Apr 10 2008, 11:49 PM

By NATHAN RUSHTON, The Eureka Reporter

The Pacific Lumber Co.’s bankruptcy proceeding entered the third day of testimony on Thursday to hash over the details of how the financial and forester consultants arrived at valuing the timber company’s lands in a legal battle of whose experts were more right.

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