PG&E Investors Get Final OK On $2.5M Fees For $10M Deal

By Katryna Perera (November 5, 2021, 9:31 PM EDT) -- A California federal judge on Friday awarded $2.5 million in attorney fees and granted final approval of a $10 million settlement between Pacific Gas and Electric Co. and its investors over claims the utility mismanaged planned power outages in the wake of widespread wildfires, leading to a drop in its stock price.

The judge also approved class counsel to receive $82,000 in litigation costs and a $5,000 award for each of the three lead plaintiffs, according to an order filed in California federal court.

The order states that a final fairness hearing was held on Sept. 16, during which U.S. District...

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!


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!