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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. ....

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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. ....

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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
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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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