PG&E Creditors Object To D&O Insurance Purchase - Law360

PG&E Creditors Object To D&O Insurance Purchase - Law360: The unsecured creditors of PG&E want to zap a bid by the bankrupt power utility to pay $50 million to boost its directors and officers insurance, calling it a waste of money that’s premised on an “unlikely parade of horribles” wiping out nearly $500 million in existing coverage.