Pacific Gas & Electric Co (PCG): PG&E is getting squeezed from all sides...

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russian roullette

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Tuesday, 03/05/2019 10:23:05 AM

Tuesday, March 05, 2019 10:23:05 AM

PG&E is getting squeezed from all sides.Now they probably wishing they never filed for BK.
Market Chatter: Law Firm Jones Day to Nominate Nine Directors to PG&E
BY MT Newswires
— 5:04 AM ET 03/05/2019
05:04 AM EST, 03/05/2019 (MT Newswires) -- Law firm Jones Day will nominate its own set of nine directors to the board of PG&E (PCG) , further complicating the power utility's relations with activist investors as it presses on with its bankruptcy proceedings, Bloomberg News reported, citing sources.

The director candidates are coming from an ad hoc committee of shareholders being represented by the law firm, sources said. The committee is composed of PG&E (PCG) shareholders who have individually hired the law firm and has not yet decided to register as a group with the Securities and Exchange Commission, they added.

Jones Day did not immediately respond to requests for comment, Bloomberg News said.