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IN RE PG&E CORP.

No. 21-16043.

46 F.4th 1047 (2022)

IN RE PG&E CORPORATION; Pacific Gas & Electric Company, Debtors, Ad Hoc Committee of Holders of Trade Claims, Appellant, v. Pacific Gas and Electric Company, Appellee.

United States Court of Appeals, Ninth Circuit.

Filed August 29, 2022.

Attorney(s) appearing for the Case

Matthew D. McGill (argued) and David W. Casazza , Gibson Dunn & Crutcher LLP, Washington, D.C.; David M. Feldman and Matthew K. Kelsey , Gibson Dunn & Crutcher LLP, New York, New York; for Appellant.

Theodore E. Tsekerides (argued), Jessica Liou , and Matthew Goren , Weil Gotshal & Manges LLP, New York, New York; Jane Kim and Thomas B. Rupp , Keller Benvenutti Kim, San Francisco, California; for Appellee.

Sabin Willett and Andrew J. Gallo , Morgan Lewis & Bockius LLP, Boston, Massachusetts; Nakisha Duncan , Morgan Lewis & Bockius LLP, Houston, Texas; Renee M. Dailey , Akin Gump Strauss Hauer & Feld LLP, West Hartford, Connecticut; for Amici Curiae Ultra Noteholders.

Dissent by Judge Ikuta

OPINION

This case involves an oddity in bankruptcy law: a solvent bankrupt. Specifically, it involves Pacific Gas & Electric Company ("PG&E"), which sought chapter 11 protection in a bid to proactively address massive potential liabilities related to a series of wildfires in Northern California. But PG&...

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