) on Wednesday issued an order opening the door to a group of noteholders and wildfire victims to file their own reorganization plan for the California power provider.
Allowing the noteholders, which include Apollo Capital Management and Elliott Management Corp among others, to file while PG&E advances its own plan may help force the sides to negotiate a settlement of the case, Montali added. PG&E’s plan, backed by current major shareholders, would use $34 billion in new debt and $14 billion in equity commitments to reorganize.“We are confident that our fully funded plan of reorganization, which will satisfy all wildfire claims in full while treating all stakeholders fairly and protecting customers, is the better solution for all constituencies,” PG&E said.
No, the shutdown is not connected to this. Not at all.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PG&E's bankruptcy judge opens the door to rival chapter 11 exit planThe judge presiding over PG&E's bankruptcy handed shareholders a loss, opening the door to a competition over the best path out of bankruptcy that pits the troubled utility against bondholders led by Elliott Management Corp.
Source: CNBC - 🏆 12. / 72 Read more »
Judge opens door to PG&E noteholders filing their own reorganization planThe judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order op... My mentions when I insult cops
Source: Reuters - 🏆 2. / 97 Read more »
Judge tosses Trump’s lawsuit on tax returns, calls invoked immunity ‘unqualified and boundless’President Trump had filed the suit to try to prevent his tax preparer from having to produce his tax documents after they were subpoenaed by a grand jury. The president's attorneys have filed an emergency appeal. NBC News’ Hans Nichols reports. This is old news why didn't they print the rest of the story. Can you imagine PresidentPence trying to write a pardon to cover all of RealDonaldTrump's misdeeds? Donny did bad, but not bad guy, I give clemency for the following crimes: 1) Ukraine 2) TBA 3) TBA 4) TBA 5) TBA .... 100) TBA le juge a également vu son arrêt illégal retoqué par la magistrature fédérale pour son caractère illégal !
Source: MSNBC - 🏆 469. / 51 Read more »
New York City prosecutors can see Trump's tax returns, judge rulesWith President Trump under siege on Capitol Hill, a federal judge dealt him a setback on another front Monday and ruled that New York City prosecutors can see his tax returns for an investigation into matters including the payment of hush money to porn star Stormy Daniels and a Playboy centerfold. Will never happen! Nobody cares. It seems like New York has bigger problems than this. Hey! DO SOMETHING to save the earth and save money on gas with this e-bike!
Source: latimes - 🏆 11. / 82 Read more »
Judge calls Trump lawyers' legal argument in tax return fight 'repugnant'In the legal fight for his tax returns, Pres. Trump's lawyers argued he can't be criminally investigated. A federal judge rejected that claim, writing 'This Court finds aspects of such a doctrine repugnant to the nation's governmental structure.' The Trump Card The Great Controversy: Chapter (1) The destruction of Jerusalem If a judge disagreed with the defense that POTUS cannot be criminally investigated, then what implications does that have for whether or not a Mueller can indict Trump? Awww Shaddup!
Source: MSNBC - 🏆 469. / 51 Read more »
Judge reduces Deandre Somerville's probation and community service after handing jail sentence to juror who oversleptDeandre Somerville will now be on probation for three months and have to carry out 30 hours of community service. He needs to be recalled
Source: Newsweek - 🏆 468. / 52 Read more »