Pimco, Elliott Group Press Newsom to Reject PG&E’s Restructuring Plan
(Bloomberg) — A group of creditors have lobbied California Governor Gavin Newsom to reject PG&E Corp.’s restructuring plans in a last-ditch effort to gain control of the bankrupt utility, people familiar with the situation said. The bondholders led by Pacific Investment Management Co. and activist investor Elliott Management Corp. want …
News story posted on 2019-12-11T17:49:00.0000000Z
