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PCG.US

id: 562

PG&E ($PCG) $100M Investor Settlement

Eligible claimants can submit their claims for compensation.

$100,000,000

Cash Settlement

N.D. California

Court

18-CV-03509

Case number

04/29/2015

Class period Start

11/15/2018

Class period End

07/06/2026

Claim deadline

PG&E ($PCG) has agreed to settle $100M with investors to resolve claims that it misled them about the safety and maintenance of its electrical infrastructure and the growing wildfire risks across California.

Outline:

Between 2015 and 2018, PG&E repeatedly assured investors that its electricity transmission and distribution networks were properly maintained and compliant with state safety regulations. In reality, the company allegedly failed to inspect and maintain aging power lines and vegetation, significantly increasing wildfire risks. As devastating wildfires were linked to PG&E equipment, the company’s legal and financial exposure grew, causing $PCG shares to fall sharply and prompting investor lawsuits.

Timeline:
April 29, 2015 – November 15, 2018 – PG&E made public statements asserting compliance with California safety laws and proper maintenance of its power grid.
2017 – A series of Northern California wildfires were linked to PG&E equipment, raising concerns about infrastructure safety.
November 2018 – The Camp Fire, later traced to PG&E transmission lines, destroyed the town of Paradise and became California’s deadliest wildfire.
Late 2018 – As investigations and regulatory findings emerged, $PCG stock dropped sharply.
2019 – PG&E filed for Chapter 11 bankruptcy amid billions in wildfire-related liabilities.
2026 – PG&E agreed to a $117 million settlement to resolve investor claims, pending final court approval.
Background:

PG&E is one of the largest electric utilities in the United States, serving millions of customers across California. For years, the company told investors that it was operating its electricity transmission and distribution systems in compliance with state safety regulations and that wildfire risks were being properly managed.

However, investigations later revealed that PG&E had failed to adequately maintain aging power lines, conduct required inspections, and manage vegetation near its infrastructure. These failures allegedly violated state safety regulations and significantly increased the likelihood of wildfires.

Between 2017 and 2018, multiple catastrophic wildfires—including the deadly Camp Fire—were linked to PG&E equipment. As the scope of the damage and the company’s potential liability became clear, PG&E faced intense regulatory scrutiny, criminal charges, and billions of dollars in claims. The company’s stock fell sharply, erasing shareholder value, and PG&E ultimately sought bankruptcy protection in early 2019.

Investors claim they were misled about the true condition of PG&E’s infrastructure, the extent of its regulatory violations, and the financial risks tied to wildfire exposure.

What Can Investors Expect Now?

PG&E ($PCG) has agreed to settle $100 million with investors to resolve claims that it misled them about the safety and maintenance of its electrical infrastructure and the growing wildfire risks across California.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.

Case Type

US Securities Class Action

Case Status

Accepting Claims

Alleged Offence

Mismanagement,

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Malpractice,

Negligence,

Breach of Fiduciary duty,

Omissions

Suspected Party

Directors,

Management,

Service Provider

Security Type

Stocks

Trade Direction

Long

Filing date

06/12/2018

Plaintiffs

Public Employees Retirement Association of New Mexico

Attorneys

Labaton Sucharow LLP (New York, NY), Robbins Geller Rudman & Dowd LLP (San Diego, CA), VanOverbeke Michaud & Timmony, P.C. (Detroit, MI), Wagstaffe, Von Lowenfeldt, Busch & Radwick, LLP (San Francisco, CA)

Defendants

Anthony F. Earley, Jr., Geisha J. Williams, Nickolas Stavropoulos, Julie M. Kane, Christopher P. Johns, Patrick M. Hogan

Judge

Hon. Richard Seeborg

Administrator

A.B. Data Ltd

Court hearing date

08/25/2026

Exclusion deadline

07/06/2026

Objection deadline

07/06/2026

Trades matching type

FIFO

Frequently Asked Questions

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