PG & E shares take a dive and Bay Area attorney files lawsuit on behalf of 20 Camp Fire victims

(Photo: ABC7)

"Bay Area attorney Mike Danko on Tuesday filed a suit against PG&E in San Francisco Superior Court on behalf of 20 Camp Fire victims, saying he went forward quickly because he believes PG&E caused the fire, and wants the authority to subpoena the utility company."



“This has to stop,” he told The Bee. “This has to come to an end. Many people want to wait to see what Cal Fire concludes (in its investigation of the cause), but Cal Fire’s opinions are irrelevant in court. We must prove it ourselves.”

Read more at:
https://www.google.com/amp/amp.sacbee.com/news/state/california/fires/article221604715.html

"PG&E Corp. shares saw their deepest single-day plunge in a decade and a half Wednesday after the San Francisco energy company warned of potentially serious financial strain if its equipment is deemed responsible for the devastating Camp Fire."

"Shares of the corporate parent to Pacific Gas and Electric Co. fell as much as 32 percent following the company’s disclosure in a regulatory filing that potential losses due to the fire burning in the Sierra Nevada foothills outside Chico threaten to exceed its insurance coverage."

Read more at:
https://www.google.com/amp/s/www.sfgate.com/california-wildfires/amp/PG-E-shares-tank-as-company-signals-financial-13391696.php