A multi-firm litigation team, including Walkup, Melodia, Kelly & Shoenberger shareholder Michael A. Kelly reached a $117 million settlement agreement with utility giant Pacific Gas & Electric (PG&E) in connection with the 2017 North Bay fires and the 2018 Camp fire.
Daily Journal recently profiled the significant result, finalized in San Francisco County Superior Court in September. The case involved a civil lawsuit against former company executives for a breach of fiduciary duty and a failure to inspect or maintain equipment.
The litigation stemmed from PG&E’s landmark $13.5 billion settlement with the fire victims and their families in 2019, which plunged the utility into bankruptcy. As part of the Chapter 11 reorganization plan, the PG&E Fire Victim Trust was created to distribute the monies owed to more than 40,000 citizens.
