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PG&E Says It Will File Reorganization Plan in Less Than a Month
PG&E Corp. says it expects to file its plan for reorganization with the bankruptcy court by Sept. 9 and sees emerging from Chapter 11 protection by May 1, according to a filing Monday. The bankrupt utility says in the filing … Source: Claims Journal
Read MoreL’Oreal Owes Olaplex $91 Million for Stealing Trade Secrets
In the final moments of his rebuttal to L’Oreal SA’s closing argument in a trade-secrets trial, a lawyer for California startup Olaplex LLC told jurors they would choose the victor in a courtroom battle of biblical proportions. “David versus Goliath,” … Source: Claims Journal
Read MoreBusiness News: Pasich Law Firm, Transcom, Orchid Medical
Pasich Law Firm Appoints Halprin as Partner Pasich LLP, a New York law firm that specializes in insurance recovery and entertainment, announced that it has appointed attorney Peter A. Halprin as partner. Before joining Pasich, Halprin was a shareholder in … Source: Claims Journal
Read MoreLessons Learned After a Large Pipeline Failure in Canada: Viewpoint
Twelve years ago an oil field gathering system in Northern British Columbia suffered a major pipeline failure leading to significant losses. The oil field owner was ISH Energy Ltd. that had contracted with an oil field service company, Weber Contract … Source: Claims Journal
Read MoreSouthern Illinois Village at Risk if no FEMA Levee Approval
PRAIRIE DU ROCHER, Ill. — The fate of a Mississippi River levee that’s awaiting a decision on federal accreditation could put a southern Illinois village at risk of destructive flooding, the village president says. If the levee in Prairie du … Source: Claims Journal
Read MoreOlive Branch Residents Still Recovering 2 Months After Flood
OLIVE BRANCH, Tenn. — Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor … Source: Claims Journal
Read MoreSouth Dakota Town Recovering From Tornado Damage
TOWN OF BURKE, S.D. — As a small town in southern South Dakota recovers from a tornado that caused extensive damage and destroyed its civic center, some residents are asking why the community’s warning siren didn’t sound. The EF-1 tornado … Source: Claims Journal
Read MoreBayer Mediator Dismisses Report of $8 Billion Roundup Settlement
NEW YORK/FRANKFURT — Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as … Source: Claims Journal
Read MoreTexas Power Demand to Hit Record Highs as Heat Bakes State
Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state’s power grid operator. … Source: Claims Journal
Read MoreZurich Insurance Chief Set to End Revamp Ahead of All Goals
Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company … Source: Claims Journal
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