Environmental
Apr. 30, 2009
Pacific Lumber Owners Agree to $4 Million Settlement Over Headwaters Deal
In an unexpected turn of events, the owners of the now-defunct logging giant Pacific Lumber have agreed to pay $4 million to settle a case alleging it had defrauded the federal government.
By Fiona Smith
Daily Journal Staff Writer SAN FRANCISCO-In an unexpected turn of events, the owners of the now-defunct logging giant Pacific Lumber have agreed to pay $4 million to settle a case alleging it had defrauded the federal government in an historic sale of old-growth forest in 1999. The settlement is a far cry from the $750 million in damages the plaintiffs had been seeking. The agreement was announced Tuesday afternoon only a week into ...
Daily Journal Staff Writer SAN FRANCISCO-In an unexpected turn of events, the owners of the now-defunct logging giant Pacific Lumber have agreed to pay $4 million to settle a case alleging it had defrauded the federal government in an historic sale of old-growth forest in 1999. The settlement is a far cry from the $750 million in damages the plaintiffs had been seeking. The agreement was announced Tuesday afternoon only a week into ...
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