PG&E’s Plan to Cap Fire Liabilities at $18 Billion Draws Ire September 10, 2019 California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history:...
Drugmaker Insys Wins Bankruptcy Court Approval to Sell Off Opioid September 10, 2019 By Nate Raymond Drugmaker Insys Therapeutics Inc on Thursday won court approval to sell its flagship fentanyl spray to a buyer who agreed...
Sackler Family Backs $11.5 Billion Purdue Opioid Settlement August 28, 2019 By Jef Feeley and Riley Griffin The Sackler family and their embattled drugmaker, Purdue Pharma LP, are backing a proposal to resolve all opioid lawsuits against...
PG&E Tumbles on Risk of Up to $18 Billion in Fire-Lawsuit Costs August 19, 2019 By Joe Ryan PG&E Corp. shares plunged Monday after a judge ruled that a jury can determine whether it should pay as much...
PG&E Took 8 Months to Prune a Tree at Risk of Catching Fire August 16, 2019 By Peter Blumberg and Joel Rosenblatt It was on July 12 — only after an inspector raised the alarm — that PG&E Corp. finally pruned a...
PG&E Outside Inspectors Find Tree Hazards That Were Overlooked August 15, 2019 By Joel Rosenblatt PG&E Corp.’s court-appointed compliance monitor concluded the utility isn’t trimming trees that pose wildfire threats in high-risk areas of California...
Hedge Funds Buy Almost $500 Million in Claims From PG&E Vendors August 14, 2019 By David R. Baker and Dawn McCarty Bankrupt utility giant PG&E Corp. owes a lot of money to a lot of businesses. A tree-trimming service. A California...
PG&E Says It Will File Reorganization Plan in Less Than a Month August 13, 2019 By Mark Chediak and Scott Deveau PG&E Corp. says it expects to file its plan for reorganization with the bankruptcy court by Sept. 9 and sees...
PG&E Posts $2.6 Billion Loss Stemming From Bankruptcy, Wildfires August 9, 2019 By Mark Chediak PG&E Corp., the bankrupt California utility giant, reported a $2.6 billion second-quarter loss and said it expects more charges this...
PG&E Disagrees With WSJ Story Over Power Line Upgrades August 1, 2019 By Joel Rosenblatt and Mark Chediak PG&E Corp. told a judge it “strongly disagrees” with a Wall Street Journal storysuggesting that the utility knew its equipment...