Avidity Partners v. State of California

Opinion

BLEASE, Acting P. J.

—This case involves the historic “Headwaters Agreement” (Agreement) between Pacific Lumber Company (Pacific Lumber), the federal government, and the State of California (defendant or State) pursuant to which Pacific Lumber transferred 7,000 acres of old-growth redwood forest land to the State in exchange for other forest land and $495.5 million. The Agreement was negotiated over the course of three years and included specified regulatory approvals required for Pacific Lumber’s harvest of its forest land. The complaint was originally filed by Pacific Lumber and…