Consumers, trustee blast PG&E bankruptcy lawyer fees amid wildfire woes

Consumers, trustee blast PG&E bankruptcy lawyer fees amid wildfire woes

5 years ago
Anonymous $MUlyiGRWxa

https://www.mercurynews.com/2019/10/03/consumers-trustee-blast-pge-bankruptcy-lawyer-fees-amid-wildfire-woes/

PG&E’s bankruptcy-related attorney fees have reached the $140 million mark — and are expected to grow — prompting a trustee in the case and a consumer group to question why lawyers have harvested a rising number of billable hours when the utility has yet to compensate many wildfire victims.

“An estimated $140 million in professional fees have already been billed,” Andrew Vara, the U.S. trustee appointed to administer PG&E’s Chapter 11 bankruptcy proceeding, said in court records. The PG&E Chapter 11 matter, Vara added, is “likely to rank eventually among the most expensive bankruptcy cases ever filed.”

Consumers, trustee blast PG&E bankruptcy lawyer fees amid wildfire woes

Oct 4, 2019, 11:30am UTC
https://www.mercurynews.com/2019/10/03/consumers-trustee-blast-pge-bankruptcy-lawyer-fees-amid-wildfire-woes/ > PG&E’s bankruptcy-related attorney fees have reached the $140 million mark — and are expected to grow — prompting a trustee in the case and a consumer group to question why lawyers have harvested a rising number of billable hours when the utility has yet to compensate many wildfire victims. > “An estimated $140 million in professional fees have already been billed,” Andrew Vara, the U.S. trustee appointed to administer PG&E’s Chapter 11 bankruptcy proceeding, said in court records. The PG&E Chapter 11 matter, Vara added, is “likely to rank eventually among the most expensive bankruptcy cases ever filed.”