Former PG&E Officers Settle Fire Victims’ Suit for $117 Million

Former PG&E Corp. officers and directors agreed to a $117 million settlement with victims who filed lawsuits over the 2017 North Bay Fire and the 2018 Camp Fire in Northern California, lawyers representing the victims said.

• Payment will resolve claims of federal agencies that fought the fires and assisted victims, according to the statement
• Frank Pitre, a lawyer representing victims in the resolution, said directors and officers’ insurance will pay the settlement
• Agreement is with the Fire Victim Trust, which retained the right to file such suits as part of an earlier victims’ settlement with PG&E valued at $13.5 ...