D&O Insurers Agree To Pay $117M To Fund PG&E’s Settlement With Fire Victim Trust

Mealey's (October 9, 2022, 9:32 AM EDT) -- SAN FRANCISCO — The trustee of the PG&E Fire Victim Trust (FVT) that was created as part of the company’s Chapter 11 reorganization plan indicated that the trust has reached a $117 million settlement of its breach of fiduciary duty lawsuit against former directors and officers of PG&E arising from the North Bay and Camp Fires, noting that PG&E’s directors and officers liability insurers have agreed to fund the settlement....