Civil Litigation
Mar. 26, 2020
Market plunge has wildfire victims worried over value of PG&E settlement
Stock makes up half of the $13.5 billion settlement PG&E agreed to pay wildfire victims to resolve their claims.
SAN FRANCISCO -- Market uncertainty caused by the coronavirus is raising concerns from wildfire victims that the $6.75 billion in stock they secured as part of a settlement with the Pacific Gas & Electric Corp. will be worth considerably less once the utility emerges from bankruptcy.
Wildfire victims need to know when and how they will be able to cash out on their shares in the company, Robert Julian, representing the claimants...
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