Politics & Government
$117 Million Settlement Reached In Lawsuit Against PG&E Officials Over Wildfire Damages
A settlement in principle was reached in May after over a year of negotiations with the case on the eve of trial, according to the Trust.
September 30, 2022
A fire victims trust set up by PG&E on Thursday confirmed a $117 million settlement in a lawsuit over damages caused by deadly Northern California wildfires in 2017 and 2018.
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The PG&E Fire Victim Trust (FVT) was created in 2020 after PG&E's Chapter 11 bankruptcy to compensate the victims of fires in California from 2015 to 2018. In this lawsuit, PG&E's former officers and directors were accused of a lack of oversight of safety measures which could have prevented the North Bay Fires and the Camp Fire.
According to a press release issued by the Trust, a settlement in principle was reached in May after more than a year of negotiations with the case on the eve of trial. The settlement was ultimately finalized in July 2022.
Find out what's happening in Petalumafor free with the latest updates from Patch.
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