Environmental & Energy,
Civil Litigation,
Bankruptcy
Feb. 3, 2022
Additional settlement money headed to wildfire victims as PG&E’s stock jumps
Fire victims who previously received a distribution from the trust will receive a supplemental payment, and pro rata payments – which had been 30% of the value of approved claims – will be increased to 45%, retired Justice John K. “ Jack” Trotter wrote in an announcement released Wednesday.
Victims of several Northern California fires who reached a settlement with PG&E Co. will get an increased distribution payout later this month, according to the retired state appellate justice who is in charge of the trust.
Fire victims who previously received a distribution from the trust will receive a supplemental payment, and pro rata payments - which had been 30% of the value of approved claims - will be increased to 45%, retired ...
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