California natural gas and electric company Pacific Gas & Electrichas engaged Weil Gotshal & Manges LLP in advance of an upcoming Chapter 11 bankruptcy filing, PG&E said.
Cravath Swain & Moore LLP will also be advising the utility, particularly in corporate matters and over debtor in possession, or DIP, financing the company will require to continue operating while in bankruptcy, Cravath said in a Jan. 14 statement.
Weil Gotshal has represented the debtors in five the six largest bankruptcies in U.S. history, including Lehman Brothers, General Motors, American Airlines and Enron, according to the law firm. It currently represents Sears and Westinghouse Electric Co., a Pennsylvania nuclear power company.
PG&E is also being assisted by Lazard as its investment partner and AlixPartners as restructuring advisor, PG&E said in its statement.
To read more from Bankruptcy Law News pleaseOR Request Trial