Civil Litigation,
Government,
Bankruptcy
Jan. 28, 2019
Despite some positive news, PG&E poised to file bankruptcy
The governor, plaintiffs’ attorneys, and an institutional investor are urging the utility to wait, but PG&E is expected to file for bankruptcy this week.
Will the announcement by the California Department of Forestry and Fire Protection that Pacific Gas & Electric Company is not liable for the 2017 Tubbs Fire make any difference over whether the company files bankruptcy? An answer could come as soon as Tuesday, the first day PG&E is eligible to file for bankruptcy after a 15-day legally mandated delay.
But financial analysts say it is likely the Chapter 11 filing with go forw...
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