Wake Up Call: PG&E Gets Court Nod for $13.5 Billion Deal with Fire Victims

Bankrupt utility giant PG&E Corp. won court approval for its $13.5 billion plan to compensate the victims of catastrophic fires blamed on its equipment, as a well as a deal with insurers. The settlement is crucial for PG&E’s exit from bankruptcy, but California Governor Gavin Newsome still opposes the utility’s overall reorganization plan. (BN via BLAW) PG&E’s been getting advice from Weil Gotshal & Manges; Cravath, Swaine & Moore; and other firms in the bankruptcy. (BLB)

Minneapolis-based Faegre Baker Daniels and Drinker Biddle & Reath confirmed they’re merging to create a new, top-50 firm with about ...

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