At 2:00 p.m. today, the lawyers will report to Judge Dylina that PG&E has agreed to settle all but two of the lawsuits brought against it by the victims of the PG&E explosion. PG&E agreed to settle with 286 of its victims on Friday, September 6, and with the remaining 61 on September 9 -- the third anniversary of the explosion. The 59 clients we represent were the last to reach agreement with PG&E on Monday. The amounts of the settlement are confidential, but PG&E told the Securities and Exchange Commission that it expects to record a charge of approximately $110 million in connection with the agreements.
Why did the cases settle?
PG&E finally agreed to pay amounts that made sense to its victims.
Before PG&E would agree to compensate the victims, the victims had to prove to PG&E that they were willing to go all the way to trial.
How did they prove they were willing to go to trial?
For three years, the victims put up with PG&E’s prodding, poking and questioning. They agreed to undergo the mental exams that PG&E insisted upon. They tolerated PG&E calling them fakers and whiners. They stood up to PG&E and never gave in.
Are the victims happy with the settlements?
Though each victim’s story is different, each lost a certain peace of mind as a result of the explosion. They will never that get back. They will never sleep the same again. Money is a poor substitute for peace of mind. But the victims are satisfied that they did their part to hold PG&E accountable for its actions and for what it did to their neighborhood. The victims did their part in exposing PG&E’s wrongdoing, and in perhaps bringing about change for the better, making it less likely that something like this will happen again. To that extent, the victims are pleased with the settlement.