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PG&E has announced they’re filing for Chapter 11 bankruptcy due to the several billion dollars in possible damages from lawsuits after deadly fires in California last year and in October 2017. During the two years of fires there was at least $30 billion in potential damages from lawsuits after the fires that killed more than 100 people and burned thousands of homes. Last night the CEO resigned, then today the largest utility in the nation made the announcement so they can hold off creditors and still operate as they try to get their finances in order. The lawsuits will still be ongoing, but all of the claims will become one in bankruptcy court, without a jury, so it could protect the company from massive verdicts. The State’s still investigating if the utility’s equipment sparked the Camp Fire as well as the deadliest before it, the Tubbs Fire in Oct. 2017.

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