Mattole Wildlands Defense

Mattole Wildlands Defenders carry the torch of over 7 years of non-violent direct action in defense of the Oldgrowth Forests in the headwaters of the NF Mattole River. The Maxxam corporation has bankrupted Pacific Lumber and the future of this land is uncertain. Around 2,000 acres of the oldgrowth forest remains here. To get involved or help call- 707-834-3100. or write: P.O. Box 4803 Arcata, Ca 95521

Sunday, June 08, 2008

Mendocino Redwood Company to Assimilate Pacific Lumber

Reposted from Stop Maxxam!.

The ruling is in, Pacific Lumber will be taken over by Mendocino Redwood company (knock on wood). Texas bankruptcy Judge Richard Schmidt chose the MRC plan over the Noteholders proposal to auction off the company, essentially stating that the auction plan did not fulfill the requirements of a successful reorganization plan. Not much time to get into more detail today. Check out the Humboldt Herald blog for more. (also see the times standard report) I'm planning to write up some analysis of how this could effect forest defense activities.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home