Bankruptcy Law News

PG&E Fire Victims Ask Judge to Guarantee Value of Their Deal

April 3, 2020, 12:02 AM

A federal judge should rule that any PG&E Corp. stock given to fire victims as part of a settlement must be worth $6.75 billion, according to a committee representing tens of thousands of people who blame the California utility for the loss of their homes and businesses.

  • The fire victims group wants a judge to interpret the deal they made with PG&E in a way that guarantees the value of the stock portion of the settlement, according to court papers filed Thursday in federal court in San Francisco
    • Under a settlement designed to end the utility’s bankruptcy case by June...

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