Labaton Keller Sucharow has reached a $100 million settlement as Lead Counsel representing investors in a securities fraud class action against the major gas and electric service provider PG&E Corporation, Pacific Gas and Electric Company, and certain officers, directors, and underwriters (together, PG&E or the Company).
The suit arises from claims that PG&E made materially false and misleading statements and omissions about safety and compliance practices leading up to the devastating wildfires that ravaged Northern California in October 2017 and November 2018 in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933. Plaintiffs alleged that the Company knowingly concealed deficiencies in its wildfire safety practices leading to noncompliant electrical equipment and vegetation management that allegedly started or exacerbated the fires. The action further alleges that PG&E was not only aware that these insufficient safety practices had the potential to allow for dangerous safety violations but continued to make false and misleading statements and omissions regarding them.
In January 2019, PG&E filed for bankruptcy protection, and the District Court presiding over the action stayed the action pending the resolution of PG&E’s ongoing bankruptcy proceedings. Labaton Keller Sucharow continued to vigorously litigate the matter in the Bankruptcy Court, where the Firm secured notable victories including ultimately overturning the stay in May 2024. Following renewed litigation proceedings in the District Court, Plaintiffs filed a Fourth Amended Complaint in November 2025.
On December 31, 2025, the Parties agreed to a settlement of $100 million that would resolve claims brought forth in the case, and on January 2, 2026, Plaintiffs informed U.S. District Judge Edward J. Davila of the Northern District of California that they would soon seek preliminary approval of the settlement. This landmark settlement reached after seven years of litigation underscores Labaton’s unwavering commitment to seeking justice for investors, earning its reputation as an advocate and leading law firm for institutional investors across the world.
The case is In re PG&E Corporation Securities Litigation, No. 18-cv-03509 (N.D. Cal.). Labaton Keller Sucharow represents Lead Plaintiff the Public Employees Retirement Association of New Mexico.
Labaton Keller Sucharow has reached a $100 million settlement as Lead Counsel representing investors in a securities fraud class action against the major gas and electric service provider PG&E Corporation, Pacific Gas and Electric Company, and certain officers, directors, and underwriters (together, PG&E or the Company).
The suit arises from claims that PG&E made materially false and misleading statements and omissions about safety and compliance practices leading up to the devastating wildfires that ravaged Northern California in October 2017 and November 2018 in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933. Plaintiffs alleged that the Company knowingly concealed deficiencies in its wildfire safety practices leading to noncompliant electrical equipment and vegetation management that allegedly started or exacerbated the fires. The action further alleges that PG&E was not only aware that these insufficient safety practices had the potential to allow for dangerous safety violations but continued to make false and misleading statements and omissions regarding them.
In January 2019, PG&E filed for bankruptcy protection, and the District Court presiding over the action stayed the action pending the resolution of PG&E’s ongoing bankruptcy proceedings. Labaton Keller Sucharow continued to vigorously litigate the matter in the Bankruptcy Court, where the Firm secured notable victories including ultimately overturning the stay in May 2024. Following renewed litigation proceedings in the District Court, Plaintiffs filed a Fourth Amended Complaint in November 2025.
On December 31, 2025, the Parties agreed to a settlement of $100 million that would resolve claims brought forth in the case, and on January 2, 2026, Plaintiffs informed U.S. District Judge Edward J. Davila of the Northern District of California that they would soon seek preliminary approval of the settlement. This landmark settlement reached after seven years of litigation underscores Labaton’s unwavering commitment to seeking justice for investors, earning its reputation as an advocate and leading law firm for institutional investors across the world.
The case is In re PG&E Corporation Securities Litigation, No. 18-cv-03509 (N.D. Cal.). Labaton Keller Sucharow represents Lead Plaintiff the Public Employees Retirement Association of New Mexico.
Labaton Keller Sucharow has reached a $100 million settlement as Lead Counsel representing investors in a securities fraud class action against the major gas and electric service provider PG&E Corporation, Pacific Gas and Electric Company, and certain officers, directors, and underwriters (together, PG&E or the Company).
The suit arises from claims that PG&E made materially false and misleading statements and omissions about safety and compliance practices leading up to the devastating wildfires that ravaged Northern California in October 2017 and November 2018 in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933. Plaintiffs alleged that the Company knowingly concealed deficiencies in its wildfire safety practices leading to noncompliant electrical equipment and vegetation management that allegedly started or exacerbated the fires. The action further alleges that PG&E was not only aware that these insufficient safety practices had the potential to allow for dangerous safety violations but continued to make false and misleading statements and omissions regarding them.
In January 2019, PG&E filed for bankruptcy protection, and the District Court presiding over the action stayed the action pending the resolution of PG&E’s ongoing bankruptcy proceedings. Labaton Keller Sucharow continued to vigorously litigate the matter in the Bankruptcy Court, where the Firm secured notable victories including ultimately overturning the stay in May 2024. Following renewed litigation proceedings in the District Court, Plaintiffs filed a Fourth Amended Complaint in November 2025.
On December 31, 2025, the Parties agreed to a settlement of $100 million that would resolve claims brought forth in the case, and on January 2, 2026, Plaintiffs informed U.S. District Judge Edward J. Davila of the Northern District of California that they would soon seek preliminary approval of the settlement. This landmark settlement reached after seven years of litigation underscores Labaton’s unwavering commitment to seeking justice for investors, earning its reputation as an advocate and leading law firm for institutional investors across the world.
The case is In re PG&E Corporation Securities Litigation, No. 18-cv-03509 (N.D. Cal.). Labaton Keller Sucharow represents Lead Plaintiff the Public Employees Retirement Association of New Mexico.
