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Tuesday, April 16, 2024 | Back issues
Courthouse News Service Courthouse News Service

PG&E Settlement

A federal court in California preliminarily approved a $10 million settlement in a securities class action alleging PG&E stock prices fell after the utility and some of its officers and directors made misleading statements about new wildfire prevention, safety protocols and the company’s preparedness for pre-emptive blackouts.

SAN FRANCISCO — A federal court in California preliminarily approved a $10 million settlement in a securities class action alleging PG&E stock prices fell after the utility and some of its officers and directors made misleading statements about new wildfire prevention, safety protocols and the company’s preparedness for pre-emptive blackouts. 

Categories / Financial, Law

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