<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0" xml:base="http://www.bottinilaw.com"  xmlns:dc="http://purl.org/dc/elements/1.1/">
<channel>
 <title>Bottini &amp; Bottini Inc. - Breach of Fiduciary Duty</title>
 <link>http://www.bottinilaw.com/lawsuit-type/breach-fiduciary-duty</link>
 <description></description>
 <language>en</language>
<item>
 <title>Pacific Gas and Electric Corp</title>
 <link>http://www.bottinilaw.com/other-case/pacific-gas-and-electric-corp-0</link>
 <description>&lt;div class=&quot;field field-name-field-case-type field-type-taxonomy-term-reference field-label-inline clearfix&quot;&gt;&lt;h3 class=&quot;field-label&quot;&gt;Type of Case: &lt;/h3&gt;&lt;ul class=&quot;links inline&quot;&gt;&lt;li class=&quot;taxonomy-term-reference-0&quot;&gt;&lt;a href=&quot;/lawsuit-type/breach-fiduciary-duty&quot; typeof=&quot;skos:Concept&quot; property=&quot;rdfs:label skos:prefLabel&quot; datatype=&quot;&quot;&gt;Breach of Fiduciary Duty&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;div class=&quot;field field-name-body field-type-text-with-summary field-label-hidden&quot;&gt;&lt;div class=&quot;field-items&quot;&gt;&lt;div class=&quot;field-item even&quot; property=&quot;content:encoded&quot;&gt;&lt;p&gt;In 2020, Bottini &amp;amp; Bottini was retained as one of the counsel representing Justice John Trotter, Trustee of the PG&amp;amp;E Fire Victim Trust.  Justice Trotter retained Bottini &amp;amp; Bottini to pursue claims for breach of fiduciary duty against former officers and directors of PG&amp;amp;E Corp for damages caused to PG&amp;amp;E due to the massive wildfires in Northern California in 2017 and 2018 -- the 2017 North Bay Wildfires and the 2018 Camp Fire.  Bottini &amp;amp; Bottini had previously filed a shareholder derivative action against PG&amp;amp;E&#039;s officers and directors on December 24, 2018.  After PG&amp;amp;E filed for bankruptcy due to massive liabilities related to the wildfires, Justice Trotter was appointed as Trustee of the PG&amp;amp;E Fire Victim Trust in order to pursue claims seeking compensation for the fire victims.  The shareholder derivative claims originally asserted by Bottini &amp;amp; Bottini were among the claims assigned to the Fire Victim Trust.  After Bottini &amp;amp; Bottini was retained by Justice Trotter, an amended complaint was filed on March 24, 2021 in San Francisco Superior Court asserting direct claims for breach of fiduciary duty against PG&amp;amp;E&#039;s officers and directors.  A copy of that complaint is contained below.&lt;/p&gt;
&lt;p&gt;On November 8, 2021, Judge Andrew Y.S. Cheng denied in substantial part Defendants&#039; demurrer to the Amended Complaint.  &lt;/p&gt;
&lt;p&gt;Defendants moved for reconsideration of the Court&#039;s order overruling their demurrer, and the Court denied that motion by Order dated December 16, 2021.  Meanwhile, Plaintiffs had filed a Second Amended Complaint on November 18, 2021 to add additional factual details about Defendants&#039; wrongdoing.  &lt;/p&gt;
&lt;p&gt;Defendants filed a demurrer/motion to dismiss the Second Amended Complaint, which was heard by the Court on February 24, 2022.   On April 1, 2022, the Court issued an Order overruling Defendants&#039; demurrers in their entirety.  A copy of that order is attached below. &lt;/p&gt;
&lt;p&gt;Defendants attempted to delay the case.  For example, in March 2022 Defendants filed a motion to continue the trial date.  By Order dated March 7, 2022, the Court denied that motion.&lt;/p&gt;
&lt;p&gt;Trial was set for August 1, 2022.  Plaintiff diligently prepared the case for trial, reviewing millions of pages of documents and taking dozens of depositions.  &lt;/p&gt;
&lt;p&gt;A settlement of $117 million was reached just a few months before trial was set to commence.  &lt;/p&gt;
&lt;p&gt;Cathy Yanni, a spokesperson for the Fire Victim Trust, stated in announcing the settlement that &quot;It is our hope that in holding PG&amp;amp;E’s past officers and directors accountable in connection with the damage inflicted on thousands of fire victims in California, the current board and new leadership of PG&amp;amp;E charts a different course where safety and the protection of customers is the central operating principle of the company. We are pleased to see early signs of a new focus on safety with PG&amp;amp;E’s recent announcements about plans to harden infrastructure and lay power lines underground, both measures that would significantly reduce fire hazards.&quot;&lt;/p&gt;
&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class=&quot;field field-name-field-other-case-docs field-type-file field-label-above&quot;&gt;&lt;div class=&quot;field-label&quot;&gt;Document(s):&amp;nbsp;&lt;/div&gt;&lt;div class=&quot;field-items&quot;&gt;&lt;div class=&quot;field-item even&quot;&gt;&lt;span class=&quot;file&quot;&gt;&lt;img class=&quot;file-icon&quot; alt=&quot;&quot; title=&quot;application/pdf&quot; src=&quot;/modules/file/icons/application-pdf.png&quot; /&gt; &lt;a href=&quot;http://www.bottinilaw.com/sites/default/files/%282021-03-24%29%20Amended_Complaint_%28PGE_LIT%29.pdf&quot; type=&quot;application/pdf; length=1040854&quot;&gt;(2021-03-24) Amended_Complaint_(PGE_LIT).pdf&lt;/a&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class=&quot;field-item odd&quot;&gt;&lt;span class=&quot;file&quot;&gt;&lt;img class=&quot;file-icon&quot; alt=&quot;&quot; title=&quot;application/pdf&quot; src=&quot;/modules/file/icons/application-pdf.png&quot; /&gt; &lt;a href=&quot;http://www.bottinilaw.com/sites/default/files/%282021-11-18%29%20REDACTED-Second_Amended_Complaint.pdf&quot; type=&quot;application/pdf; length=1381703&quot;&gt;(2021-11-18) REDACTED-Second_Amended_Complaint.pdf&lt;/a&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class=&quot;field-item even&quot;&gt;&lt;span class=&quot;file&quot;&gt;&lt;img class=&quot;file-icon&quot; alt=&quot;&quot; title=&quot;application/pdf&quot; src=&quot;/modules/file/icons/application-pdf.png&quot; /&gt; &lt;a href=&quot;http://www.bottinilaw.com/sites/default/files/%282022-04-01%29%20Order%20Overruling%20Demurrers.pdf&quot; type=&quot;application/pdf; length=315513&quot;&gt;(2022-04-01) Order Overruling Demurrers.pdf&lt;/a&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class=&quot;field-item odd&quot;&gt;&lt;span class=&quot;file&quot;&gt;&lt;img class=&quot;file-icon&quot; alt=&quot;&quot; title=&quot;application/pdf&quot; src=&quot;/modules/file/icons/application-pdf.png&quot; /&gt; &lt;a href=&quot;http://www.bottinilaw.com/sites/default/files/%282022-09-30%29%20PGE%20Fire%20Victim%20Trust%20settlement%20Law%20360%20article.pdf&quot; type=&quot;application/pdf; length=1314919&quot;&gt;(2022-09-30) PGE Fire Victim Trust settlement Law 360 article.pdf&lt;/a&gt;&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</description>
 <pubDate>Fri, 30 Sep 2022 20:09:16 +0000</pubDate>
 <dc:creator>Frank Bottini</dc:creator>
 <guid isPermaLink="false">167 at http://www.bottinilaw.com</guid>
 <comments>http://www.bottinilaw.com/other-case/pacific-gas-and-electric-corp-0#comments</comments>
</item>
</channel>
</rss>