PG&E ($PCG) $100M Investor Settlement
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.
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 $117 million settlement to resolve investor claims, pending final court approval.
PG&E is one of the largest electric utilities in the United States, serving millions of customers across California. For years, the company told investors that it was operating its electricity transmission and distribution systems in compliance with state safety regulations and that wildfire risks were being properly managed.
However, investigations later revealed that PG&E had failed to adequately maintain aging power lines, conduct required inspections, and manage vegetation near its infrastructure. These failures allegedly violated state safety regulations and significantly increased the likelihood of wildfires.
Between 2017 and 2018, multiple catastrophic wildfires—including the deadly Camp Fire—were linked to PG&E equipment. As the scope of the damage and the company’s potential liability became clear, PG&E faced intense regulatory scrutiny, criminal charges, and billions of dollars in claims. The company’s stock fell sharply, erasing shareholder value, and PG&E ultimately sought bankruptcy protection in early 2019.
Investors claim they were misled about the true condition of PG&E’s infrastructure, the extent of its regulatory violations, and the financial risks tied to wildfire exposure.
PG&E ($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.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired PG&E securities during the Class Period and were damaged thereby, including but not limited to those who purchased securities in or traceable to PG&E’s March 2016, December 2016, March 2017, and April 2018 note offerings.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.