Victims Trust Fund Approved As PG&E Bankruptcy Ends
Posted on June 20, 2020 in Walkup News
After roughly 17 months in bankruptcy, and following tragic fires in Sonoma and Napa County’s in the fall of 2017 and similarly devastating and fatal fires in Butte County in 2018, United States bankruptcy court charge Dennis Montalbano signed a final order approving a plan of re-organization on Saturday, June 20, 2020 bring in to an end the largest bankruptcy in United States history.
Walkup, Melodia, Kelly & Schoenberger Senior partner Michael Kelly, together with his colleague Khaldoun Baghdadi served as lead and liaison counsel in the Northbay Fire Judicial Council coordinated lawsuits in San Francisco Superior Court. Today, upon issuance of the bankruptcy confirmation order, Kelly said “Judge Montali’s order brings to a close a long and painful journey for the victims of both the Northbay and Paradise fires. Now, we must focus on trying to help people reconstruct their lives as the Victim’s Fire Claim Trust processes $13.5 billion of wrongful death personal injury and real property claims. Kelly further commented that “ The team at the Walkup Firm is well positioned to represent our individual fire victim clients. We have been pursuing justice on behalf of survivors every day since October 2017 “.
The fire victims trust is expected to begin accepting applications for payment during the first week of July. The trust will be administered by a Trustee and administrator that is independent from PG&E, and which received bankruptcy court appointment and approval within the lady 60 days.