PALCO Bankruptcy: The California Report

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PALCO Bankruptcy

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More than 200,000 acres of redwood timberlands are on the line today as bankruptcy proceedings get underway for the north-coast Pacific Lumber Company, now known as PALCO. A judge will consider five competing plans which could result in a huge shift for a company that has long been at the heart of controversy for its logging practices. Reporter: Tamara Keith

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