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A comment on PG&E stock plunged 32% after it disclosed a possible link to California’s fire. Parent comment

Re:PG&E stock plunged 32% after it disclosed a possible link... by mrleiter on Thursday November 15, 2018 @08:55AM (#18459218)
Chapter 7 (liquidation) or Chapter 11 (restructuring) of Title 11 U.S.C. are possible options.
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Re:PG&E stock plunged 32% after it disclosed a possible link... by koboll on Thursday November 15, 2018 @09:04AM (#18459270)
This exactly is what's likely to happen.

Note also: PG&E is already being sued for allegedly causing last fall's devastating fires in northern California. That plus damages for this year's fires is very likely to force them into bankruptcy.

Hence a plunging stock price as everyone rushes to get out while they still can.

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