Bondholders are forming an alliance with California wildfire victims to chart a path out of bankruptcy for PG&E
Bondholders are taking another run at PG&E Corp., forming an alliance with victims of the wildfires that swept through California in 2017 and 2018 to chart a path out of bankruptcy for the state’s largest utility.
Court papers filed by a group of PG&E bondholders, including Elliott Management Corp., and by the official committee representing fire victims, asked for the green light to put a chapter 11 plan on the table that would compete with the company’s own restructuring framework.
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