PALCO – Press Articles

The Eureka ReporterAugust 2, 2008In statement released this week, Estelle Fennell commented on the events this week of Mendocino Redwood Co. and Marathon Structured Finance Fund assuming control of the…

By John DriscollThe Times-StandardAugust 1, 2008FORTUNA -- Millworkers hired by the new Humboldt Redwood Co. were told to report to work Monday for a meeting and be ready to fire…

The Eureka ReporterAugust 1, 2008The Humboldt County Rapid Response Team will be in Fortuna on Thursday to assist Pacific Lumber Co. employees who have lost their jobs and whose positions…

By Nathan RushtonThe Eureka ReporterJuly 31, 2008Mendocino Redwood Co. took legal possession of the Pacific Lumber Co.'s timberlands and mill Wednesday as the new Humboldt Redwood Co. begins its hiring…

By Mike GeniellaSanta Rosa Press DemocratJuly 30, 2008New managers assumed control Tuesday of Pacific Lumber Co. headquarters in Scotia, marking an end to an epic bankruptcy battle over the fate…

By Terence Chea, Associated PressSan Francisco ChronicleJuly 30, 2008A company owned by the founders of Gap Inc. took control of the bankrupt Pacific Lumber Co. on Wednesday, marking a new…

By Kelly ZitoSan Francisco ChronicleJuly 30, 2008Billionaire founders of San Francisco's Gap Inc. are expected to take control of some of the most valuable timberland in the country within days,…

The Eureka ReporterJuly 30, 2008After 18 months of suspense, uncertainty and contention, the Pacific Lumber Company's bankruptcy saga virtually came to an end yesterday with the takeover of PALCO operations…

By Mike GeniellaThe Press DemocratJuly 29, 2008A Texas federal judge Monday warned a consortium of East Coast banks that they risk contempt charges if they don't comply with his court-ordered…

By John DriscollThe Times-StandardJuly 29, 2008Final is final.U.S. Bankruptcy Court Judge Richard Schmidt in a Monday ruling pushed parties in the Pacific Lumber Co.'s year-and-a-half long bankruptcy to seal a…