 On July 29, 2008, the "Final Order" from US Bankruptcy attorney, Judge Richard Schmidt, led to the transfer of the assets of the bankrupt PALCO and all its subsidiaries to the Mendocino Redwood Company and the town of Scotia to Marathon Structured Finance.After 145 years as PALCO, the new company is known as the Humboldt Redwood Company.Some of the affected parties, including Bank of New York Trust Company, filed an appeal and on September 29, 2009 the Court of Appeals for the 5th Circuit modified this judgment.