PG&E's Share Terms For Fire Survivors Unfair, Judge Told

Law360, San Francisco (June 5, 2020, 10:41 PM EDT) -- Wildfire survivors on Friday urged a California federal judge overseeing Pacific Gas and Electric Co.'s $59 billion chapter 11 reorganization plan to ensure that they don't have to wait years to liquidate the PG&E stock in their wildfire liability settlement, saying PG&E can't give other shareholders better terms.

Robert Julian of BakerHostetler, co-counsel for the official committee of tort claimants, which represents over 70,000 Northern California wildfire survivors' interests, told U.S. Bankruptcy Judge Dennis Montali that he supports the debtors' reorganization plan so long as wildfire survivors receive the same rights provided to other shareholders.

"All registration rights agreements with the...

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?
Beta
Ask a question!