Bankruptcy Court Approves $24.5 Billion in PG&E Settlements

December 18, 2019 2:07 pmDecember 19, 2019 8:06 am

Two PG&E settlement deals worth a combined $24.5 billion to compensate wildfire victims and insurance companies was approved by a U.S. bankruptcy judge on Tuesday. After a long 5 hour hearing in San Francisco, Bankruptcy Judge Dennis Montali first approved...

PG&E Fails Attempt at Avoiding Billions of Dollars in Insurance Liabilities

November 30, 2019 2:05 amDecember 1, 2019 10:09 am

PG&E will be held accountable for the $11 billion settlement they had agreed to with insurance companies ruled a bankruptcy judge Wednesday. Inverse Condemnation U.S. Bankruptcy Court Judge Dennis Montali held up the legal principle of ‘inverse condemnation’, which holds...