Aug. 19, 2019
PG&E retains right to control reorganization plan
U.S. Bankruptcy Judge Dennis J. Montali ruled Friday PG&E Corp. should retain the right to pitch a reorganization plan that deals with the billions of dollars in wildfire liabilities that forced the power utility to file for Chapter 11 projection.
U.S. Bankruptcy Judge Dennis J. Montali ruled Friday PG&E Corp. should retain the right to pitch a reorganization plan that deals with the billions of dollars in wildfire liabilities that forced the power utility to file for Chapter 11 projection.
Montali denied a motion from creditors, including Pacific Investment Management Co. and Elliott Management Corp., to strip PG&E of its exclusive right to create a viable restruct...
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