May 14, 2019 / 9:20 PM / 10 days ago

Valero fails to lift PG&E bankruptcy stay to press $75 mln lawsuit

A judge on Monday said he would not rule on a motion by Valero Energy Corp for an order to let its $75 million lawsuit against bankrupt power producer PG&E Corp move forward, but offered the refiner the option of a final order denying the motion if it wants to appeal.

PG&E’s bankruptcy stay should keep the lawsuit on hold, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said in a memorandum decision.

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