Bankruptcy Law News

PG&E Approved to Set Up $100 Million Fund to Pay Fire Victims

May 22, 2019, 8:01 PM

Bankrupt utility PG&E Corp. won court permission to set up a $100 million fund to cover the living expenses, including temporary housing, for people harmed by wildfires allegedly caused by the company’s maintenance lapses.

U.S. Bankruptcy Judge Dennis Montali asked the company to work with creditors on hiring an administrator to oversee the fund and on developing a process to decide how much an individual should receive. Montali rejected demands by wildfire victim lawyers to increase the size of the fund and to restrict how much information about individual victims will be made public.

“I cannot under any theory of...

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