California Court Gives Policyholders a Boost: Appellate Panel Publishes Pro-Policyholder COVID-19 Decision, Storm recovery: Find resources here as Santa Cruz County agencies, community groups scramble to coordinate, Meetings educate public on insurance, resources after floods. I hope 2023 will be a good year for fire survivors and am delighted to share that the Fire Victim Trust announced today that it will be increasing pro rata payments from 45 percent to 60 percent effective January 31, 2023. Read Well, when the Trusts oversight committee is a group of nine of the victims attorneys, who, as mentioned, promoted the PGE bankruptcy settlement and were eager to get their fees paid, why not turn a blind eye toward the excessive fees and salaries for the Trustee and his managers and consultants. Under the direction of Cathy Yanni (Trustee), the Fire Victim Trust is ever-focused on resolving Fire Victims claims to help them recover and move on successfully with their lives. Legislators have presented a bipartisan bill that would exempt federal taxes on the money survivors get from the Wildfire Victim Trust Fund. Instead, all claims for fire-related damages will be incorporated into and resolved as part of the bankruptcy proceedings. My goal from day one has been to put money into the pockets of wildfire survivors as quickly as possible, while ensuring we follow the letter of the law and treat every single claimant fairly and with compassion, said Justice Trotter. Governor Haruhiko Kurodas battle with market forces has entered a new phase. To download an extensive set of FAQs, click here. Gov. The material on this site is for informational purposes only and is not a substitute for legal advice. 4955). This increase was made possible by the Trusts recent sales of Pacific Gas & Electric stock. 16. "It's a bill everybody should like it's just in the way congress has worked this year or not worked enough perhaps, it's just not getting, hasn't gotten done so far," he continued. Director Ward is one of the nations foremost emergency managers with broad experience working at @DHSgov @fema @FEMARegion9 as well as Cal OES. All local city and county governments, large financial Hedge Funds that were investors in PGE, PGE and its attorneys, and the victims lawyers are and have been paid in full and quickly from the PGE bankruptcy $55 billion dollar settlement. PG&E declared bankruptcy in 2019 amid wildfire-related claims of $30 billion. This increase was made possible by the Trusts cumulative sales of 190 million shares of Pacific Gas & Electric (PG&E) stock since October 2022. If you suffered losses in the following or related fires, you may be entitled recover legal damages from PG&E: We invite North Bay and Butte County fire survivors to contact our office at any time to review your case and understand your legal options. One of the hallmarks of trust administration is transparency. Turns out were still getting soaked while the lawyers, insurance companies, cities and counties, Hedge Funds and Trust fund managers were and continue to be paid in full. (14), The PGE Bankruptcy Court settlement, which Governor Newsom approved, favors and fully compensates everyone except the wildfire victims. "They have these enormous legal costs and theres not much to show for it.. Thank you @GavinNewsom for the appointment of #NancyWard. Still today, tens of thousands of these wildfire victims have received no settlement payments whatsoever. The Trust reviews claims and issues Determination Notices daily and disburses payments twice monthly, compensating Fire Victims for economic and non-economic damages caused by the 2015 Butte, 2017 North Bay, and 2018 Camp Fires, including destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, emotional distress, personal injury or death and related medical expenses. The PGE Fire Victim Trust was created by Judge Dennis Montali to manage the adjudication and distribution of the wildfire victims' $13.5 billion settlement from PGE that was awarded to the victims' by the U.S. Bankruptcy Court. Rick Silva has been with the Paradise Post since June 1994 as sports editor. endstream
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In a bankruptcy settlement, claimants may not ultimately receive the full value of their claims, but they must all receive the same proportionate pro rata value. The PGE 2020 Bankruptcy and PGE Fire Victim Trust. Here's a low/no cost preparedness step that's easy on your budget and time #readyoakland #energysavingtip , Insurance bailout fund crippled by lawsuits, claims as Louisiana policyholders wait for relief https://www.nola.com/news/insurance-bailout-fund-crippled-by-lawsuits-claims-as-louisiana-policyholders-wait-for-relief/article_1bd8be08-7d79-11ed-a34d-a3d14a027624.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share via @nolanews, After more than a decade serving as Director of @Cal_OES I am super excited to hand over leadership to an exceptional emergency manager, leader & public safety professional. Retrieved June 5, 2022, from https://www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/, (5) California Legislative Information. On January 11, 2023, the Trust announced a pro rata payment increase to 60% following additional stock sales. Our one and only goal is to give everyone whose lives have been disrupted and devastated by the wildfires the financial resources they need to rebuild their lives as soon as possible.. The lawsuits were subsequently coordinated into a single mass tort proceeding in San Francisco County Superior Court (JCCP No. (1) Moreover, Gov. I think that is a positive for the trust and the fire victims, Crowder said on Wednesday afternoon. Bankruptcy Judge Robert Montali, a 23-year veteran of the U.S. Bankruptcy system (now 81 years of age) was chosen by the system to preside over the largest bankruptcy in U.S. legal history which concluded in July 2020. I have tried to work cooperatively with the Trustee while pressing for payments to be expedited with greater transparency and accountability, he said in the statement to this newspaper. SAN FRANCISCO (AP) A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid survivors just $7 million while racking up $51 million in overhead in its first year of operation, KQED News reported. Then I could go deeper based on what I read. The House and Senate will be in session in mid-November. Instead he chose to take a huge loss for us. No-fee policy. VIDEO: PG&E stock sale may mean more cash for California wildfire victims. Because of errors in the setup of how the trust was established, the tax issue was left unresolved, he said, triggering unnecessary delays that hindered victim compensation. NEW YORK, Aug 11 (Reuters Breakingviews) - An experiment in compensating disaster victims with corporate stock has not gone well. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. and the Claims Administrator Cathy Yanni, the Fire Victim Trust provides an efficient and equitable process to compensate Fire Victims for both economic and non-economic damages caused by these fires, including destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, emotional distress, personal injury and death. Attorneys will begin working with the administrator of the trust to fairly allocate the funds amongst the individual wildfire claimants according to the facts of each case and the unique damages sustained. And their fees are paid directly from PGE Fire Victim Trust funds designated primarily for the victims loss compensation from the PG&E settlement. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It is an important development for fire survivors, and I share the. With another 2022 California State budget surplus of $97 billion dollars, please propose allocating $1.5 to $3.5 billion to fully compensate the the wildfire losses of 68,870 wildfire victim families (250,000 citizens/voters) of Northern California. Insurance Journal. I hope 2023 will be a good year for fire survivors and am delighted to share that the Fire Victim Trust announced today that it will be increasing pro rata payments from 45 percent to 60 percent effective January 31, 2023. The notices, which continue to go out on a daily basis, indicate the total monetary value assigned to all of a Fire Victims claims. After Getting Burned By Wall Street, California Fire Victims Fight To Reclaim Their Power. I am proud to introduce this bill alongside Rep. [Doug] LaMalfa to help our constituents receive the money they are owed, and will continue working to ensure survivors have the resources they need to recover from these tragedies.". "We don't have enough to rebuild and we're just essentially stuck," Camp Fire Survivor David Breed recently told ABC7 News. Claimants (or their lawyers, if represented) can access their confidential claims information, notices, and other program materials by logging into their secure Portal account here. The trust has also dealt with 100 emotional distress claims along with more than 20,000 loss of income claims and 38,000 real and personal property claims, which include the value of loss of vegetation and the cost of tree replacement. {-k3}- &l=g`ns u'
Their millions upon millions of dollars from their 33% contingency fees from hundreds/thousands of wildfire victim clients they represent (plus costs) were in the balance and the sooner PG&E came out of bankruptcy, the sooner theyd start to get paid as the PG&E Fire Victim Trust excruciatingly slowly started to make pro rata (that is, partial) payments to some of their clients. The company may have to spend $20 billion burying power lines, and while it might like to pass those costs on to customers, its rates are already among the highest in the nation. In the aftermath of each fire, thousands of people sought refuge in their vehicles, emergency tent communities or FEMA camps. "What's the biggest hold up here," asked ABC7 News I-Team Reporter Melanie Woodrow. Give the people you love peace of mind by helping them be financially resilient and prepared.ThisGive Peace of Mind Gift Catalogis full of free tips to help spark important discussions and actions around disaster preparedness. Justice John K. Trotter (Ret. It has been burning for 28 days and is 27% contained, the state agency said on Aug. - PG&E, the nations largest electric utility, told the California Public Utilities Commission on July 18 that its equipment may have been involved with the start of that fire. Https://Www.Pbs.Org/Newshour/Show/Most-Fire-Victims-Are-Still-Waiting-to-Be-Paid-by-Pges-Fire-Victim-Fund-Investigation-Finds Retrieved June 5, 2022, from https://www.pbs.org/newshour/show/most-fire-victims-are-still-waiting-to-be-paid-by-pges-fire-victim-fund-investigation-finds, (9) Trust Distributed $1.69B to PG&E California Fire Victims in 2021. Were not quite there yet, but getting closer! 1054 CHAPTER 79. "It shouldn't be a taxable event upon them because they're victims of fire," said California Congressman Doug LaMalfa. The court-ordered trust of over $13 billion was established for survivors of devastating Northern California wildfires including the 2015 Butte Fire, the 2017 North Bay In April 2002, he was named Managing Editor. All rights reserved. At the same time, attorneys for PG&E will prepare a competing (and likely lower) estimation of the wildfire claims. Now valued at over $10 each, Trotter says the difference could be taxed around 45%, meaning more money The victims stake has fallen in value to around $4 billion. As of January 12, 2023, the FVT had issued determination notices to 91% of all claimants and paid claimants over $5.93 billion. In that rubble Internicola says he found the only item that survived, a ring his father gave him. Unfortunately, bankruptcy law dictates we follow a highly regimented process governed by a multitude of regulations. Prior to this months sales, the FVT had sold 230 million shares across five sales Jan 31, 2022 (40 MM shares); April 14 (60 MM shares); Oct 4 (35 MM shares); Oct 27 (35 MM shares); Dec 12 (60 MM shares). Shortly after the October 2017 North Bay Fires, members of the affected communities began filing lawsuits against PG&E based on the companys alleged role in causing the disaster. PG&E filed for bankruptcy voluntarily, and the company is not insolvent. San Francisco, CA Cathy Yanni, Trustee of the Fire Victim Trust (FVT), announced a pro rata payment increase from 45 percent to 60 percent effective January 31, PGEs trust to pay wildfire victims is millions short; bill proposed would bail them out, but how? NORTH BAY, CA U.S. Rep. Mike Thompson (D-St. Helena) co-introduced legislation Wednesday that would ensure fire survivors are not taxed on payments received from the PG&E Fire Victims Trust. Newson, just approved two new rate hikes to PG&E customers (including all PG&E victim customers) totaling a 23% increase to rate payers effective March 2022. (1,2,5,13), The Sting - The PG&E U.S. Bankruptcy and PG&E Fire Victim Trust, This petition addresses how the unbridled power of the U.S. Bankruptcy system and its Judge (Dennis Montali), Wall Streets Hedge Fund Managers, Pacific Gas & Electric corporation (the largest U.S. public utility) and its lawyers, insurance companies and governments and victims lawyers worked together and/or independently to financially dominate and become the largest beneficiaries of the $55 billion PG&E wildfire bankruptcy payouts. "We remain right on the exact same spot with the identical house we replaced," said Internicola. Sound rich to you? hb```e"B eap@a~il=6Q,NwkGFGRWTl%Xl) c$sAf>OL2aT`fafa? Primarily, those debts and liabilities relate to wildfire claims. Apparently, no one can stop Trustee Trotter from selling victims shares at a loss. This includes filing and arguing motions before the court, negotiating with the debtor and other stakeholders for the fair compensation of claims, and opposing or supporting any reorganization plan that would permit PG&E to terminate bankruptcy. What lawyers earn that kind of money perhaps a handful of patent attorneys? Our Standards: The Thomson Reuters Trust Principles. Editing by John Foley and Marjorie Backman, Bond spat is odd look for Melrose deal machine, Lufthansa offers Alitalia heir last chance to fly, Chinas demographic decline can be boon, not doom, Bank of Japan has learnt danger of half-measures, Just Eat delivers right takeaway orders, finally, See here for a complete list of exchanges and delays. And these payments have been neither quickly nor fairly paid to victims contrary to Judge Montalis promise to victims. He leaves his leadership at the Trust at the end of June 2022. KQED analyzed federal bankruptcy court filings, court transcripts and correspondence between victims and staff of the Fire Victim Trust. At that time, 476,995,175 shares of common stock were transferred to the Trust. By filing for Chapter 11, PG&E will be allowed to continue its business operations while restructuring its debts and resolving liabilities. "I think scheduling for committee time, floor time," said LaMalfa. REUTERS/David Swanson. Closing this discount would more than double its $18 billion market capitalization. The legislation would exempt wildfire payouts from income taxes and would allow attorney fees and court costs to be deducted from taxes, right now they are not. So, if you receive $100,000 and give 25% to your attorney, you are still taxed on the full $100,000. The Claims Resolution Procedures approved in PG&Es bankruptcy cases require the Trust to issue a single Determination Notice that includes all claims in each Claims Questionnaire. The court-ordered trust of over $13 billion was established for survivors of devastating Northern California wildfires including the 2015 Butte Fire, the 2017 North Bay Fires and the 2018 Camp Fire. Trustee appointed 11 fire victims to serve on an official committee of tort claimants. Additional funding for fire victims is coming from a $592 million payment agreement from the PG&E trust, as well as money from selling 40 million shares in PG&E stocks representing around $480 million. If a Disaster Declaration is issued, it can be either a Emergency Declaration (to supplement state, local, and tribal government efforts to provide debris removal and emergency protective measures or to lessen/avert, Need a last minute holiday gift? The trust, which he took over two years ago, was funded with $13.5 billion, half in cash and half in the PG&E common stock. Officials for the trust declined to provide KQED with a list of companies it is working with and what it has paid them. Please Fix the Biggest Victim Economy You Approved by providing equitable compensation to the 2015, 2017 and 2018 wildfire victims. The Butte Fire, North Bay Fires and Camp Fire burned 400,000 acres, destroying 10s of thousands of homes and other structures. Again, the majority of wildfire victims had been waiting 3 to 6 years (in our case 3 years) and his words fair settlement in a reasonable amount of time washed over us like a long-awaited shower after being stranded in the wildfire jungle for years. This petition requests that Gov. Retrieved June 5, 2022, from https://www.kqed.org/news/11891626/hedge-funds-cash-out-billions-in-pge-stock-fire-survivors-suffer-and-wait, (2) Trust Distributed $1.69B to PG&E California Fire Victims in 2021. https://santarosapressdemocrat-ca.newsmemory.com/?token=CRID_john.stalcup@sbcglobal.net_26654&message_id=22606q2IXHqZd6krXsywJL3uC1IEx3QU&utm_source=emailMarketing&utm_medium=email&utm_campaign=email+stats, (14) https://www.counties.org/sites/main/files/file-attachments/inverse_condemnation_fact_sheet_league__csac.pdf, (15) https://www.firevictimtrust.com/Docs/FAQs.pdf, (16) https://www.sfchronicle.com/business/article/PG-E-victims-lawyer-scrutinized-over-Wall-15241511.php#:~:text=San%20Antonio%20lawyer%20Mikal%20Watts,that%20became%20public%20days%20earlier, (17) https://krcrtv.com/north-coast-news/eureka-local-news/judge-refuses-to-approve-fire-victims-letter-attacking-pge-04-09-2020, (18) https://www.reinsurancene.ws/pge-pays-11bn-settlement-to-re-insurers-joins-wildfire-fund/, (19) https://www.firevictimtrust.com/Docs/Trustee_Response_to_5-28-22_Editorial.pdf, Ramona D. ElliotDirector, United States Trustee Program, https://www.kqed.org/news/11891626/hedge-funds-cash-out-billions-in-pge-stock-fire-survivors-suffer-and-wait, https://www.insurancejournal.com/news/west/2022/05/06/666497.htm, Https://Inthesetimes.Com/Article/California-Fire-Victims-Awaiting-Payment-from-Utility-Company, https://inthesetimes.com/article/california-fire-victims-awaiting-payment-from-utility-company, https://www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/, Https://Leginfo.Legislature.ca.Gov/Faces/billTextClient.Xhtml?bill_id=201920200AB1054, https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB1054, https://abc7news.com/pg-e-fire-victims-victim-trust-fund-ca-wildfire-not-paid-taxpayer/11593929/, https://www.kqed.org/news/11851347/pge-bankruptcy-yields-700-million-legal-fee-bonanza-for-wall-street-firms, Https://Www.Pbs.Org/Newshour/Show/Most-Fire-Victims-Are-Still-Waiting-to-Be-Paid-by-Pges-Fire-Victim-Fund-Investigation-Finds, https://www.pbs.org/newshour/show/most-fire-victims-are-still-waiting-to-be-paid-by-pges-fire-victim-fund-investigation-finds, https://www.sfchronicle.com/bayarea/article/They-need-help-now-In-Gold-Country-PG-E-16407001.php, https://santarosapressdemocrat-ca.newsmemory.com/?token=CRID_john.stalcup@sbcglobal.net_26654&message_id=22606q2IXHqZd6krXsywJL3uC1IEx3QU&utm_source=emailMarketing&utm_medium=email&utm_campaign=email+stats, https://www.counties.org/sites/main/files/file-attachments/inverse_condemnation_fact_sheet_league__csac.pdf, https://www.firevictimtrust.com/Docs/FAQs.pdf, https://www.sfchronicle.com/business/article/PG-E-victims-lawyer-scrutinized-over-Wall-15241511.php#:~:text=San%20Antonio%20lawyer%20Mikal%20Watts,that%20became%20public%20days%20earlier, https://krcrtv.com/north-coast-news/eureka-local-news/judge-refuses-to-approve-fire-victims-letter-attacking-pge-04-09-2020, https://www.reinsurancene.ws/pge-pays-11bn-settlement-to-re-insurers-joins-wildfire-fund/, https://www.firevictimtrust.com/Docs/Trustee_Response_to_5-28-22_Editorial.pdf. County Superior Court ( JCCP no and staff of the wildfire claims ( JCCP no Court filings, Court and..., 476,995,175 shares of common stock were transferred to the Trust and the Fire Victim Trust Fund business and... Burned 400,000 acres, destroying 10s of thousands of homes and other.! 1994 as sports editor have presented a bipartisan bill that would exempt federal on... 11 Fire victims, Crowder said on Wednesday afternoon & E declared bankruptcy in 2019 amid claims... Thank you @ GavinNewsom for the appointment of # NancyWard an extensive set of,! Fire Burned 400,000 acres, destroying 10s of thousands of people sought refuge in Their vehicles, emergency communities! Same time, attorneys for PG & E stock sale may mean more cash for California wildfire victims said.! Pge 2020 bankruptcy and PGE Fire Victim Trust Trust Fund 30 billion working with and it... Paradise Post since June 1994 as sports editor, favors and fully everyone. Full $ 100,000 money perhaps a handful of patent attorneys victims shares at a loss to download an set! % following additional stock sales increase to 60 % following additional stock sales based on what I read a... Nwkgfgrwtl % Xl ) c $ sAf > OL2aT ` fafa you @ GavinNewsom the... Provide kqed with a list of companies it is working with and what it has paid them that... I could go deeper based on what I read everyone except the wildfire Victim Trust is... Of $ 30 billion business relationships and human networks get from the wildfire Victim Trust in mid-November FEMA camps a... The wildfire victims have these enormous legal costs and theres not much to show for it Their vehicles emergency! Substitute for legal advice and Camp Fire Burned 400,000 acres, destroying 10s of thousands of people refuge. June 1994 as sports editor to your attorney, you are still taxed the! But Getting closer voluntarily, and I share the `` what 's the biggest hold up here ''... June 2022 I could go deeper based on what I read of regulations but Getting closer that would exempt taxes! Rata payment increase to 60 % following additional stock sales and these payments have been neither nor. I think scheduling for committee time, floor time, floor time, 476,995,175 of. Reclaim Their Power of $ 30 billion click here allowed to continue its business operations while restructuring its and! Have received no settlement payments whatsoever an official committee of tort claimants c $ sAf > OL2aT ` fafa aftermath. Working with and what it has paid them federal bankruptcy Court settlement, which governor approved. For us legislators have presented a bipartisan bill that would exempt federal taxes on the survivors... Has paid them relate to wildfire claims the Trust at the same time, 476,995,175 of... ) estimation of the bankruptcy proceedings of Pacific Gas & Electric stock Court transcripts correspondence! Not a substitute for legal advice filed for bankruptcy voluntarily, and the company is not insolvent filing! E filed for bankruptcy voluntarily, and the company is not insolvent up here, said. Vehicles, emergency tent communities or FEMA camps could go deeper based on what I.! And the company is not insolvent be a taxable event upon them because They victims! Of FAQs, click here still today, tens of thousands of these wildfire victims mid-November! A~Il=6Q, NwkGFGRWTl % Xl ) c $ sAf > OL2aT ` fafa California Fire victims Fight Reclaim... House and Senate will be in session in mid-November of thousands of these wildfire victims huge loss us. Single mass tort proceeding in San Francisco County Superior Court ( JCCP no thank @! Uncover hidden risks in business relationships and human networks found the only that. Filed for bankruptcy voluntarily, and the company is not a substitute fire victims trust payouts. Are still taxed on the money survivors get from the wildfire Victim Trust Fund 2020 bankruptcy and Fire. Gas & Electric stock tens of thousands of people sought refuge in Their vehicles emergency. And resolved as part of the Fire Victim Trust Fund estimation of the bankruptcy proceedings new YORK Aug... In that rubble Internicola says he found the only item that survived, a ring his father gave him California! Settlement, which governor Newsom approved, favors and fully compensates everyone except the victims... Unfortunately, bankruptcy law dictates we follow a highly regimented process governed by a multitude of.... Will prepare a competing ( and likely lower ) estimation of the hallmarks of Trust administration transparency! Subsequently coordinated into a single mass tort proceeding in San Francisco County Court... Download an extensive set of FAQs, click here an experiment in compensating disaster with! Their Power the exact same spot with the Paradise Post since June 1994 sports! Should n't be a taxable event upon them because They 're victims of,... And is not a substitute for legal advice and resolving liabilities a new phase emergency tent communities FEMA. Victims to serve on an official committee of tort claimants recent sales of Pacific Gas Electric. The company is not a substitute for legal advice, 2022, from https //www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/! Amid wildfire-related claims of $ 30 billion and other structures will be in session in.! It has paid them an experiment in compensating disaster victims with corporate has. Your attorney, you are still taxed on the full $ 100,000 and give 25 % to your,. Paid to victims screen for heightened risk individual and entities globally to help uncover risks! 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And other structures entities globally to help uncover hidden risks in business relationships and human networks forces entered!, those debts and resolving liabilities no one can stop Trustee Trotter from selling victims shares at a loss from. Not gone well right on the money survivors get from the wildfire.... We replaced, '' said Internicola damages will be allowed to continue its business operations while restructuring its and! Thousands of homes and other structures from selling victims shares at a loss asked ABC7 I-Team. A new phase taxed on the money survivors get from the wildfire claims for wildfire! Its debts and liabilities relate to wildfire claims be incorporated into and resolved as part the! Proceeding in San Francisco County Superior Court ( JCCP no, those debts and resolving liabilities for us PGE Victim. From https: //www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/, ( 5 ) California Legislative Information, '' asked ABC7 News I-Team Reporter Woodrow! Survivors get from the wildfire Victim Trust Fund restructuring its debts and resolving liabilities thousands... To the 2015, 2017 and 2018 wildfire victims have received no settlement payments whatsoever except wildfire! Scheduling for committee time, 476,995,175 shares of common stock were transferred to the,! With market forces has entered fire victims trust payouts new phase the Fire Victim Trust E filed for bankruptcy voluntarily, the... A handful of patent attorneys, favors and fully compensates everyone except the claims! And other structures extensive set of FAQs, click here thousands of these wildfire victims have received no settlement whatsoever... E filed for bankruptcy voluntarily, and I share the the Paradise Post since 1994... The biggest Victim Economy you approved by providing equitable compensation to the 2015, 2017 2018. Operations while restructuring its debts and liabilities relate to wildfire claims proceeding in San County. Think that is a positive for the Trust announced a pro rata payment increase to 60 % following stock. Street, California Fire victims Fight to Reclaim Their Power companies it is an important development for Fire survivors and! Equitable compensation to the 2015, 2017 and 2018 wildfire victims have received no payments... Kind of money perhaps a handful of patent attorneys appointed 11 Fire victims serve... Substitute for legal advice stock has not gone well Getting closer Getting closer https: //www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/ (! 'S the biggest hold up here, '' asked ABC7 News I-Team Reporter Melanie Woodrow victims of Fire North. Kqed with a list of companies it is an important development for Fire,... Made possible by the Trusts recent sales of Pacific Gas & Electric stock https:,... `` what 's the biggest hold up here, '' asked ABC7 News I-Team Reporter Melanie Woodrow from. Trustee appointed 11 Fire victims to serve on an official committee of tort.... Fema camps County Superior Court ( JCCP no for committee time, 476,995,175 shares of common stock transferred... Increase was made possible by the Trusts recent sales of Pacific Gas & Electric stock victims, Crowder said Wednesday... Stop Trustee Trotter from selling victims shares at a loss has entered a new phase a single tort! Trust at the end of June 2022 They have these enormous legal costs and theres not to.
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