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Hedge funds cash out billions in PG&E stock Fire survivors suffer and wait

PG&E is mired in debt. Rates are skyrocketing. Tens of thousands of survivors of fires sparked by the utility s equipment are waiting for promised compensation. Amid all this, there s one group that s simply walking away: Wall Street hedge funds.

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Hedge Funds Cash Out Billions in PG&E Stock Fire Survivors Suffer and Wait

A California Newsroom analysis of federal filings found 20 Wall Street hedge funds collectively dumped 250 million PG&E shares, and grossed at least $2 billion, after the utility emerged from bankruptcy protection last year.

United statesNew yorkPuerto ricoCalaveras countyNorth carolinaShasta countyJared elliasJohn trotterGeorge sorosJonathan arnoldCarnegie mellonJohn geesmanJulien dumoulin smithJoe bidenGavin newsomNora mead brownell

Hedge Funds Cash Out Billions In PG&E Stock Fire Survivors Suffer And Wait

Many of these same hedge funds got an extraordinary amount of PG&E stock without paying a cent for it.

United statesNew yorkPuerto ricoCalaveras countyNorth carolinaShasta countyJared elliasJohn trotterGeorge sorosJonathan arnoldCarnegie mellonJohn geesmanJulien dumoulin smithJoe bidenGavin newsomNora mead brownell

THIS IS WHY WE RECALL: Because Newsom Will Watch California Burn to Prove Climate Change

THIS IS WHY WE RECALL: Because Newsom Will Watch California Burn to Prove Climate Change
redstate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from redstate.com Daily Mail and Mail on Sunday newspapers.

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They need help now: In Gold Country, PG&E fire victims have waited 6 years for payment

They need help now: In Gold Country, PG&E fire victims have waited 6 years for payment
sfchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfchronicle.com Daily Mail and Mail on Sunday newspapers.

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