In re: Pacific Gas & Electric "San Bruno Fire" Cases
Annotate this CaseShareholder derivative lawsuits were filed against PG&E’s management regarding the 2010 San Bruno pipeline explosion were consolidated and resolved by a settlement agreement that provided for settling plaintiffs’ counsel to be paid in the aggregate $25 million in attorney fees and $500,000 in costs. A settling plaintiff (Sender) challenged the court’s allocation determination. The court of appeal dismissed the appeal. Sender waived his right to appeal the trial court’s allocation decision by express agreement in the stipulation of settlement. The operative settlement agreement unequivocally deems the trial court’s allocation determination to be final and not subject to appellate review.
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