Random Jabber Jibber thread

BudmanTX

Well-Known Member
Morning everyone.....nice a chilly 43F outside this morning...hopefully the afternoon will be little better.....and warmer...

Coffee is ready......working on the second cup right now while reading the news

off to work in a few.....glad it right around the corner.....
 

Mr Blamo

Well-Known Member
It was pretty darn cold here to this morning.
My truck was frosted over pretty good...not just the outside but inside to. Had to use a credit card as a ice scrapper inside the truck.
Had to go for blood test .....after the age of 50 blood tests every year.
Think ill make a tray of mj caramels today. Only have 3 cookies left lol
Poor little old me lol
 

BarnBuster

Virtually Unknown Member
PG&E CEO quits and gets huge severance right before bankruptcy, at least her stock options aren't worth shit

"PG&E said Monday that Williams will receive severance. That payment will likely be $2.36 million to $4.46 million"

https://www.dailymail.co.uk/news/article-6587785/Bankruptcy-possible-California-utility-wildfires.html
https://finance.yahoo.com/news/pg-e-apos-former-ceo-153653891.html
https://www.nbcnews.com/news/us-news/head-california-electric-utility-quits-amid-fallout-deadly-wildfires-n958241
 

Singlemalt

Well-Known Member
PG&E CEO quits and gets huge severance right before bankruptcy, at least her stock options aren't worth shit

"PG&E said Monday that Williams will receive severance. That payment will likely be $2.36 million to $4.46 million"

https://www.dailymail.co.uk/news/article-6587785/Bankruptcy-possible-California-utility-wildfires.html
https://finance.yahoo.com/news/pg-e-apos-former-ceo-153653891.html
https://www.nbcnews.com/news/us-news/head-california-electric-utility-quits-amid-fallout-deadly-wildfires-n958241
Business Journal: “[Geisha] Williams, who took over as [PG&E] CEO in March 2017, saw her total compensation increase from $4.16 million in 2016 to $8.56 million last year.” 8.5 million plus the severance, not bad for 2yrs on the job
 

curious2garden

Well-Known Mod
Staff member
very true....going under chapter 11 think protects them....especially from all the lawsuits that gonna happen.......no wonder everyone is jumping ship.....they should have restricted that CEO's retirement.....
It doesn't have to if it's seen as a move to avoid financial liability, sadly I doubt the laws will work in the public's interest.
 

BudmanTX

Well-Known Member
It doesn't have to if it's seen as a move to avoid financial liability, sadly I doubt the laws will work in the public's interest.
hate to say it, that's prolly one of the reasons for the chapter 11 to get away from the liability of payment.......or if anything it will prolly make it harder for the lawsuits coming......really feel sorry for all those who lost homes and property during that fire....those people are gonna have there hands full....
 

curious2garden

Well-Known Mod
Staff member
Suing a Company in Chapter 11 Bankruptcy
A company that wants to remain open will file for Chapter 11 bankruptcy. In this chapter, the business will create a plan to reorganize its debt; however, if you file a lawsuit, the court will have to approve of any settlement.

https://www.nolo.com/legal-encyclopedia/how-to-sue-a-company-that-has-filed-for-bankruptcy.html

It gets far more complex but essentially you can sue a company that is in Chp 11.
 

BudmanTX

Well-Known Member
Suing a Company in Chapter 11 Bankruptcy
A company that wants to remain open will file for Chapter 11 bankruptcy. In this chapter, the business will create a plan to reorganize its debt; however, if you file a lawsuit, the court will have to approve of any settlement.

https://www.nolo.com/legal-encyclopedia/how-to-sue-a-company-that-has-filed-for-bankruptcy.html

It gets far more complex but essentially you can sue a company that is in Chp 11.
you can, it's just getting through all the so called red tape. Keep in mind the State will get there first and then it goes down the line.....personal property will be at the bottom, i'm guessing. Unless the the states attorney changes things.

Side note, didn't realize they were responsible for a gas explosion in San Fran too....starting to get bleek for them with all of this....
 

Aeroknow

Well-Known Member
hate to say it, that's prolly one of the reasons for the chapter 11 to get away from the liability of payment.......or if anything it will prolly make it harder for the lawsuits coming......really feel sorry for all those who lost homes and property during that fire....those people are gonna have there hands full....
I’m probably not going to even waste my time talking to a “local” law firm that’s wanting to represent me against PG&E. We ain’t gonna get shit from them except even higher rates.
 

BarnBuster

Virtually Unknown Member
I’m probably not going to even waste my time talking to a “local” law firm that’s wanting to represent me against PG&E. We ain’t gonna get shit from them except even higher rates.
Usually the only people that win in those big class actions are the attorneys plus the proceedings drag on for years. I see already there are many firms soliciting clients. I guess as long as it doesn't cost you anything up front though it wouldn't hurt to be involved. If you have a personal attorney, maybe ask him what he thinks.
 
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