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MXM > SEC Filings for MXM > Form 8-K on 8-Oct-2009All Recent SEC Filings

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Form 8-K for MAXXAM INC


8-Oct-2009

Other Events


Item 8.01 Other Events.

The Registrant has previously disclosed the bankruptcy proceedings of the Company's former forest products subsidiaries, The Pacific Lumber Company and its subsidiaries, including the loss entirely of the Company's equity interests in these subsidiaries upon consummation of the MRC/Marathon Plan (the plan of reorganization approved by the Bankruptcy Court). The Registrant has also previously disclosed that various parties had appealed the matter to the Fifth Circuit. On September 29, 2009, the Fifth Circuit issued a ruling that reversed certain liability releases of plan proponents that were part of the MRC/Marathon Plan, remanded one matter to the Bankruptcy Court for further consideration, and otherwise rejected the appeal. The Company is in the process of evaluating the decision and its potential effect on the Company.

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