PG&E Creditors' Challenge To Ch. 11 Interest Rate Ruling Fails

By Vince Sullivan (May 20, 2021, 6:55 PM EDT) -- A California federal judge affirmed the ruling of the bankruptcy judge who presided over the Chapter 11 case of utility provider PG&E Corp. on Thursday, finding he was correct in applying the federal interest rate for post-petition interest on unsecured claims.

In a decision from U.S. District Court Judge Haywood S. Gilliam Jr., the court said Ninth Circuit precedent supported the finding of the bankruptcy court that unsecured claims are entitled only to the federal judgment rate when calculating post-petition interest owed by a debtor, even if the debtor is solvent.

Judge Gilliam cited to the Ninth Circuit's In re: Cardelucci...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!