Some 1,000 lawsuits have been filed since late 2017 demanding Pacific Gas & Electric Corporation pay for damages caused by wildfires. The lawsuits represent thousands of people, companies, cities and counties affected by fires.
They range from a rancher’s $3,000 small claims complaint to insurance companies’ demands for billions of dollars to reimburse their payouts to policyholders. Cities and counties are suing PG&E for destroyed schools, parks and other public property in addition to the cost of responding to the fires.
PG&E lawyers have filed denials of responsibility in the courts. But when the corporation filed for bankruptcy protection in early February, it said these and other lawsuits could ultimately cost it $30 billion.
PG&E’s chief executive says bankruptcy will help settle the litigation in an orderly and fair manner.
Was this article valuable?
Here are more articles you may enjoy.
Bumble, Panera Bread, CrunchBase, Match Hit by Cyberattacks 
Updated: 6 Killed in Private Plane Crash at Maine Airport 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse From This Issue
