PG&E Stock Slumps as Judge’s Ruling Increases Bankruptcy Risks for Shareholders - Barron's

PG&E Stock Slumps as Judge’s Ruling Increases Bankruptcy Risks for Shareholders - Barron's: A judge ruled late Wednesday that a bondholder group can propose a plan for PG&E’s exit from bankruptcy. It was a major victory for bondholders, who now have a chance to wrest control of the company from its shareholders.