Welcome

While Wall Street Fights Over PG&E, Fire Victims Live in Tents

Oct. 21, 2019, 10:00 AM

Almost a year after California’s deadliest wildfire was finally snubbed out, what’s left of the mountain town of Paradise is mostly empty housing lots, burned-out cars and skeletons of storefronts. Residents have scattered. Some are living with relatives, in cheap motels nearby, or, authorities say, in camping tents and cars.

Meanwhile, inside a San Francisco courtroom $1,600-an-hour lawyers, representing everyone from bond and equity holders to a billionaire investor, joust over control of PG&E Corp., the utility that went bankrupt after its equipment sparked the blaze that killed 86 people. Each day of the reorganization racks up about $1 million in fees...

To read the full article log in.

Learn more about a Bloomberg Law subscription.