Bankruptcy
Jan. 8, 2020
‘Legally correct’ PG&E bankruptcy debt ruling criticized
A bankruptcy court's decision to allow the Pacific Gas & Electric Corp. to pay the federal interest rate opposed to the higher contractual rate on debt may have been legally correct but is lousy bankruptcy policy, argued some legal experts.
A bankruptcy court's decision to allow the Pacific Gas & Electric Corp. to pay the federal interest rate opposed to the higher contractual rate on debt may have been legally correct but is lousy bankruptcy policy, argued some legal experts. They predicted appeals.
U.S. Bankruptcy Judge Dennis Montali's recent ruling forces creditors to accept a lower interest rate...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
Environmental & Energy, Bankruptcy
Governor nixes deal, threatens state takeover of PG&E
By Winston Cho
Civil Litigation
US judge may prohibit PG&E bonuses until utility meets wildfire goals
By Winston Cho
Bankruptcy
Onink v. Cardelucci (In re Cardelucci)
Post-petition interest of unsecured debt is calculated according to federal rather than state interest rate.
Dennis J. Montali
Civil Litigation
PG&E hit with $2.5B putative class action over outages
By Winston Cho
Civil Litigation, Bankruptcy
Despite governor’s objection, judge OK’s PG&E settlement
By Winston Cho
Civil Litigation
Judge pauses Tubbs fire trial preparation for 15 days in wake of PG&E settlement
By Winston Cho