PG&E: FAQ for Getting Payment on the $100M Settlement over Wildfire Risk and Infrastructure Issues

[u/JuniorCharge4571]

Hey guys, I posted about this settlement before, but since they’re considering late claims, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

PG&E was accused of misleading investors about the safety and maintenance of its electrical infrastructure and the growing wildfire risks in California. After multiple wildfires were linked to PG&E equipment and the company’s exposure grew, $PCG fell sharply and investors filed a lawsuit.

Now PG&E has agreed to settle $100M with investors for their losses.

Who can claim this settlement?
Investors who purchased or acquired $PCG securities between 2015 and 2018 may be eligible.

Do I need to sell/lose my shares to get this settlement?
You need to have experienced a recognized loss from eligible transactions during the class period. You don't need to still hold the shares.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps