Civil Litigation,
Bankruptcy
Dec. 5, 2019
Wildfire victims’ lawyers aren’t fans of PG&E’s $11B deal with insurers
If wildfire victims take the money provided by the settlement, they then forfeit the right to pursue higher damages from PG&E through trial or mediation, according to Robert A. Julian, who is representing the victims
SAN FRANCISCO -- The committees representing wildfire plaintiffs, the California governor's office and bondholders urged a federal judge Wednesday to hold off on approving the $11 billion settlement the Pacific Gas and Electric Corp. has reached with insurers, arguing the deal is a collusive agreement between the two groups designed to shortchange victims and improperly push through the utility's plan to emerge from bankruptcy.
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