Bloomberg Law
December 9, 2019, 12:57 PM UTC

Wake Up Call: PG&E Reaches $13.5 Billion Settlement With Fire Victims

Rick Mitchell
Rick Mitchell
Freelance Correspondent
  • PG&E Corp. reached a $13.5 billion settlement with victims of wildfires ignited by its power lines, a big step toward resolving the biggest utility bankruptcy in U.S. history and getting the company out of bankruptcy by mid-next year. (BN via BLAW)

  • PG&E Corp. has Weil Gotshal & Manges, Cravath, Swaine & Moore, and other firms representing it in the bankruptcy. Weil in August billed for $2 million for its work on the case to that point. (BLAW via BLB)

  • Last week a federal bankruptcy trustee said Weil ’s $17.8 million fee for representing mortgage company Ditech ...

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