Monday, September 23, 2019

PG&E Attacks Rival Plan for Paying Fire Victims Before Insurers

PG&E Attacks Rival Plan for Paying Fire Victims Before Insurers: (Bloomberg) -- PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of insurance companies and “unjustly enrich” bondholders including Elliott Management Corp.Under bankruptcy

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