PG&E Fire Victim Settlement Threatens Elliott Plan

PG&E Corp.’s settlement with victims of wildfires has wrong-footed a group of bondholders who want to take over the company and could force them to re-evaluate their legal strategy, people familiar with the matter said.

Bondholders including Elliott Management Corp. and Pacific Investment Management Co. are evaluating the impact of the settlement on their plan to restructure PG&E in bankruptcy court, one of the people said. If bondholders determine their plan has become less practicable, they will focus more on a...

GavinNewsom No, let California take over PG&E: they broke it: let them fix it. As successfully as progressives 'fixed' Detroit Edison. Socialism for the world to see!

Whatever they do - it will punish the ppl that lost everything ... our society does not thrive on their indifference

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Five Men Set a Woman on Fire as She Traveled to Court for a Rape CaseA 23-year-old woman in northern India was set on fire by five men as she traveled to a court hearing on her rape case. Two of the men arrested for setting her on fire are also men accused of raping her. The woman was eventually airlifted to a hospital in Dehli where she is undergoing treatment for extensive burns.
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