Bankruptcy Law News

PG&E Leaders Ordered to Meet Officials in Town Razed by Fire (1)

May 7, 2019, 5:02 PMUpdated: May 7, 2019, 8:11 PM

PG&E Corp.’s brand-new chief executive officer, the bankrupt utility’s board and other senior executives must meet with officials from the northern California town that was destroyed last year in the state’s deadliest wildfire as part of the company’s punishment for violating its criminal probation for safety failures.

On the job for four days, Bill Johnson was called to a courthouse podium in San Francisco May 7 by U.S. District Judge William Alsup, who told the CEO he “has his hands full” managing the utility responsible for multiple fires in recent years that have scorched hundreds of thousands of acres in...

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