(Bloomberg) — PG&E Corp. wildfire victims have filed a new lawsuit arguing they must be fully repaid for the losses of their homes and businesses before fire insurers are as part of the utility’s bankruptcy.The case takes aim at an $11 billion settlement agreement between bankrupt PG&E and fire insurers, who are allied with the utility and shareholders against wildfire victims and PG&E noteholders in the Chapter 11 case.An official committee appointed to represent fire victims is asking the judge overseeing PG&E’s bankruptcy to rule that under California law, the victims must be “made whole” before the insurers can be …read more
Source:: Yahoo Finance
