Government,
Bankruptcy
Nov. 12, 2019
Governor opposes $11B PG&E insurance settlement
Gov. Gavin Newsom and the committee representing Northern California wildfire plaintiffs have teamed up in opposition of the Pacific Gas and Electric Corp.'s $11 billion settlement with insurance carriers.
Gov. Gavin Newsom and the committee representing Northern California wildfire plaintiffs have teamed up in opposition of the Pacific Gas and Electric Corp.'s $11 billion settlement with insurance carriers.
The governor accused financial institutions that bought insurance claims at a substantial discount of "legal maneuvering" to assure they get paid in full before wildfire victims, urging U.S. Bankruptcy Judge $95
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