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Facebook, government urge court to approve $5-billion FTC settlement

Facebook and DOJ on Friday urged a federal judge to approve a $5 billion deal struck with the FTC in July over Cambridge Analytica privacy complaints.
USATODAY.com - Published

Federal government blasts PG&E's deal with fire victims

SAN FRANCISCO (AP) — Tensions between the U.S. government and Pacific Gas & Electric are boiling over as the two sides battle over whether a taxpayer-funded agency should be allowed to stake a claim..
SeattlePI.com - Published Also reported by •Seattle Times

Videos for "Billion Settlement"

FEMA Asks PG&E To Repay Nearly $4B In Aid Given To Fire Victims [Video]FEMA Asks PG&E To Repay Nearly $4B In Aid Given To Fire Victims

Last year, PG&E reached a $13.5 billion settlement deal for wildfire victims. FEMA says it's entitled to about $4 billion of that sum.

Credit: Rumble     Duration: 01:22Published


Judge approves a $13.5 billion payment from PG&E to victims of California wildfires [Video]Judge approves a $13.5 billion payment from PG&E to victims of California wildfires

Power lines from utility company ignited multiple deadly fires over recent years

Credit: Reuters Studio     Duration: 00:58Published

Gov. Newsom Rejects PG&E's Bankruptcy Plan [Video]Gov. Newsom Rejects PG&E's Bankruptcy Plan

Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas and Electric struck just last week with thousands of people who lost homes, businesses and family members in a series of..

Credit: CBS 13 Sacramento     Duration: 00:30Published

Attorneys hold press conference addressing PG&E settlement [Video]Attorneys hold press conference addressing PG&E settlement

Attorneys for wildfire survivors addressed the media in response to the new $13.5 billion settlement with PG&E

Credit: KHSLPublished

PG&E Reaches $13.5 Billion Settlement With Wildfire Victims [Video]PG&E Reaches $13.5 Billion Settlement With Wildfire Victims

The utility agreed to a $13.5 billion settlement late Friday night, covering two of the worst fires in the state's history: the 2018 Camp Fire and the 2017 Tubbs Fire.

Credit: KCAL 9 CBS LA     Duration: 00:31Published

PG&E Reaches $13.5 Billion Settlement Deal With Wildfire Victims [Video]PG&E Reaches $13.5 Billion Settlement Deal With Wildfire Victims

Pacific Gas & Electric and lawyers for victims of the 2017 and 2018 Northern California Wildfires agreed to a multibillion-dollar legal settlement.

Credit: Veuer     Duration: 01:10Published

 

Financial tug-of-war emerges over fire victims' settlement

SAN FRANCISCO (AP) — A financial tug-of-war is emerging over the $13.5 billion that the nation's largest utility has agreed to pay to victims of recent California wildfires, as government agencies..
SeattlePI.com - Published

Goldman Sachs is reportedly in talks to admit guilt, pay $2 billion fine to settle probe into Malaysian investment fund

goldman sachs is reportedly in talks to admit guilt, pay $2 billion fine to settle probe into malaysian investment fund
· *Goldman Sachs is set to pay a fine nearing $2 billion and admit guilt to the US government to resolve an investigation into its 1MDB scandal, The Wall Street Journal reported Thursday.* · *The..
Business Insider - Published

PG&E reaches $1.7 billion deal with regulators

Pacific Gas & Electric reached a $1.7 billion settlement with California regulators for deadly wildfires started by its equipment in 2017 and 2018, resolving one of several obstacles facing the..
bizjournals - Published

PG&E Gains Court Approval for $13.5 Billion Settlement With California Wildfire Victims


TIME - Published Also reported by •ReutersCBS NewsUSATODAY.com

U.S. judge approves PG&E deal with California wildfire victims; stock jumps

A U.S. bankruptcy judge approved on Tuesday PG&E Corp's $13.5 billion settlement with victims of Californian wildfires, and the company's stock rallied as the utility gained momentum to emerge from..
Reuters - Published

PG&E and California regulators redo $13.5 billion settlement

A revision to the original settlement will remove a provision that requires Governor Gavin Newsom to approve the deal as a key piece for PG&E to emerge from bankruptcy.
CBS News - Published Also reported by •SeattlePI.comSeattle Times

PG&E, fire victims waive deadline for governor's OK of reorganization plan

California wildfire victims and utility PG&E Corp have agreed to waive a Tuesday deadline for securing approval from the state's governor for the power company's reorganization plan that contains a..
Reuters - Published

PG&E stock plummets 23% after California's governor gives the firm just days to reorganize bankruptcy plans

pg&e stock plummets 23% after california's governor gives the firm just days to reorganize bankruptcy plans
· *PG&E stock tanked as much as 23% Monday after California Governor Gavin Newsom rejected the firm's initial bid for bankruptcy restructuring.* · *The power company faces a Tuesday deadline to..
Business Insider - Published

Shares of PG&E drop after Calif. governor rejects settlement

Shares of the California utility PG&E are down 15.8% in the first day of trading since Gov. Gavin Newsom rejected a $13.5 billion settlement with people who lost homes, businesses or worse. A series..
SeattlePI.com - Published Also reported by •Seattle Times

California utility scrambles to renegotiate wildfire deal

SAN FRANCISCO (AP) — California Gov. Gavin Newsom's opposition to Pacific Gas & Electric's restructuring plan just a week after it struck a $13.5 billion settlement with fire victims is forcing the..
SeattlePI.com - Published Also reported by •Seattle Times

California governor rejects PG&E's bankruptcy plan

SAN FRANCISCO (AP) — California Gov. Gavin Newsom has rejected a $13.5 billion settlement that Pacific Gas and Electric struck just last week with thousands of people who lost homes, businesses and..
SeattlePI.com - Published Also reported by •Seattle Times

PG&E's $13.5B deal with fire victims removes huge obstacles

Associated Press (AP) — Pacific Gas and Electric will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if California Gov. Gavin Newsom and a..
SeattlePI.com - Published Also reported by •Seattle Times

PG&E Corp. stock surges following settlement

SAN FRANCISCO (AP) — PG&E's stock surged Monday after the utility reached a tentative $13.5 billion settlement resolving all major claims related to the Northern California wildfires of 2017 and..
SeattlePI.com - Published Also reported by •Seattle Times

PG&E Announces $13.5 Billion Settlement Of Claims Linked To California Wildfires

The utility hopes the settlement will help it emerge from bankruptcy proceedings by the end of the year. When it declared bankruptcy in January, the company faced potential liabilities of $30 billion.
NPR - Published Also reported by •CBS News

PG&E says it has reached $13.5 billion wildfire settlement

SAN FRANCISCO (AP) — Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and..
SeattlePI.com - Published Also reported by •Seattle Times

Pacific Gas & Electric Co. announces $13.5 billion settlement with individual Northern California wildfire victims.

SAN FRANCISCO (AP) — Pacific Gas & Electric Co. announces $13.5 billion settlement with individual Northern California wildfire victims.
SeattlePI.com - Published

PG&E urges judge to approve key settlement, faces resistance

SAN FRANCISCO (AP) — Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20..
SeattlePI.com - Published

Minnesota sues e-cigarette maker Juul over youth vaping rise

ST. PAUL, Minn. (AP) — Minnesota Attorney General Keith Ellison sued Juul Labs on Wednesday, accusing the e-cigarette maker of unlawfully targeting young people with its products to get a new..
SeattlePI.com - Published

16 Facebook employees leading Mark Zuckerberg's mission to rebuild the social network and reverse its troubles in the massive 'pivot to privacy' (FB)

16 facebook employees leading mark zuckerberg's mission to rebuild the social network and reverse its troubles in the massive 'pivot to privacy' (fb)
The future, according to Mark Zuckerberg, is private. Reeling from two years of bruising scandals, Facebook has begun a major initiative to overhaul the social network so that it's more attuned to..
Business Insider - Published

OxyContin maker Purdue Pharma to pay states' lawyers, urged to help victims

OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a..
Reuters - Published

5 Lessons From Q3 Earnings in Entertainment and Tech, From Teflon Facebook to Disney’s Streaming Onslaught

With the third quarter earning season officially wrapped up, it’s time to take a step back and see how major entertainment and tech companies held up at a time of transition. For many..
The Wrap - Published

Court Should Force Facebook to Share Documents on Privacy Practices, California Attorney General Says

court should force facebook to share documents on privacy practices, california attorney general says
California Attorney General Xavier Becerra on Wednesday asked a state court to force Facebook to overturn documents it has refused to share as part of an ongoing state investigation into the tech..
The Wrap - Published

The lawyer who made BP pay

Mike Moore explains how he got a $20 billion settlement to help pay for the Gulf oil spill. Now he wants to do the same with opioid manufacturers.
CBS News - Published

Several states wary of $48 billion opioid settlement proposal

Several U.S. states that have been ravaged by the opioid epidemic are pushing back on a proposed $48 billion settlement framework that would resolve thousands of lawsuits against five drug companies..
Reuters - Published

Drug firms avert landmark opioid trial as talks on $48-billion settlement set to resume

Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to..
Reuters - Published

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