For the longest and possibly most expensive enforcement case to result from the savings and loan crisis of the '80s, Houston businessman Charles Hurwitz is the perfect government target. Environmentalists claim Hurwitz, the CEO of MAXXAM Inc., which owns logging company Pacific Lumber, pillages forests. Now banking regulators are one of Hurwitz's biggest threats. They allege he is to blame for the fifth-largest thrift failure in the nation, which cost taxpayers $1.6 billion. They want him to pay for it.
January 05, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
For the longest and possibly most expensive enforcement case to result from the savings and loan crisis of the ’80s, Houston businessman Charles Hurwitz is the perfect government target for the ’90s.
Environmentalists claim Hurwitz, the chief executive officer of MAXXAM Inc., which owns logging company Pacific Lumber Co., pillages forests.
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