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CM - Only PG&E can propose its own bankruptcy plan, judge says - August 2019
A US Bankruptcy Court judge in San Francisco rejected plans from two competing creditor groups looking to reorganize PG&E, telling them that the company—and the company alone—would be the proper entity to submit a plan. Judge Dennis Montali said PG&E’s role in leading the process would provide a faster resolution for victims of fires caused by the utility’s equipment, court documents said. PG&E filed for Chapter 11 protection in January after severe wildfires in......
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