SF Court Tosses $4B Fraud Claims Against PG&E

Law360, New York (March 12, 2009, 12:00 AM EDT) -- A San Francisco court has thrown out a lawsuit accusing PG&E Corp. of engaging in fraudulent business practices involving some $4 billion in assets transferred by subsidiary Pacific Gas & Electric Co. to its parent company while the utility was losing billions of dollars during the height of California's energy crisis.

PG&E said in a filing with the U.S. Securities and Exchange Commission Thursday that the San Francisco Superior Court had dismissed the case, filed by former California Attorney General Bill Lockyer in 2002, on Tuesday....
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