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Lawyers Express Doubt On PG&E Corporation (NYSE:PCG)’s Ability To Pay Wildfire Victims Because Of Coronavirus Triggered Stock Market Tumult

The lawyers, who negotiated hard for the wildfire victims to get a fair deal with PG&E Corporation (NYSE:PCG), expresses doubt about the company’s ability to pay $13.5 billion agreed to the victims. The recent coronavirus triggered stock market turmoil plays a spoilsport. PG&E’s stock has declined to $10.9 after reaching a high of $18.34 on […]

PG&E Corporation (NYSE:PCG) Submits An Updated Bankruptcy Reorganization Plan To Address Concerns Raised By Gavin Newsom

PG&E Corporation (NYSE:PCG) announced the submission of an updated bankruptcy reorganization plan aiming to address the concerns raised by Gavin Newsom, California Governor. The company will make changes to the board of directors. It will also appoint a new Chief Security Officer and Chief Risk Officer. They will report to the CEO of PG&E. The […]

PG&E Corporation (NYSE:PCG) Takes Measures To Come Out Of Bankruptcy: PG&E Agrees For $13.5 Billion Settlement With Wildfire Victims In CA

PG&E Corporation (NYSE:PCG) has reportedly agreed for a settlement with wildfire victims in California. As per the agreed deal, the company will pay $13.5 billion to the victims of the wildfire in the state. Comes out of bankruptcy PG&E reached a deal on Friday to come out of the bankruptcy. In January 2019, the company […]

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