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California Blackout Spreads as Cities Brace for Days in the Dark

The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go days without electricity. The bankrupt utility began … Source: Claims Journal

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Judge Strips PG&E of Exclusive Control Over Recovery Plan

California power giant PG&E Corp. was stripped of its right to exclusively pitch a reorganization plan in court, escalating an already-heated battle over the largest utility bankruptcy in U.S. history. The shares dropped more than 25% in after-hours trading. U.S. … Source: Claims Journal

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American Airlines Cancels 737 Max Flights Until Jan. 16

American Airlines Group Inc on Wednesday extended cancellations of Boeing 737 MAX flights through Jan. 15, running contrary to the U.S. planemaker’s promises that the grounded jets would be flying again before the year-end. The largest U.S. airline, which had … Source: Claims Journal

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J&J Unit Ordered to Pay $8 Billion Over Anti-Psychotic Drug

Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the U.S. this year — over its alleged mishandling of an anti-psychotic drug blamed for causing adolescent boys to grow female-sized … Source: Claims Journal

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PG&E Cuts Power to Half a Million in California on Fire Risk

PG&E Corp., the California utility giant forced into bankruptcy by devastating wildfires, has cut power to 513,000 customers in the first phase of its biggest-ever intentional blackout to keep power lines from sparking more blazes. The shutdowns in Northern California … Source: Claims Journal

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