July 25, 2019 / 1:02 AM / 2 months ago

Judge imposes 'time out' on PG&E bondholders' bid to file Ch. 11 plan

PG&E Corp bondholders with a reorganization plan for the power provider will need to wait until next month to file it after the judge in the company’s bankruptcy on Wednesday deferred a key hearing at the urging of California’s governor.

Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said at a hearing the case could use a “time out” on the bondholders’ motion to terminate PG&E’s exclusive period for filing a reorganization plan.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2YiB4tV

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