UPDATE 4-U.S. judge defers ruling on PG&E $350 mln bonus plan

UPDATE 4-U.S. judge defers ruling on PG&E $  350 mln bonus planA U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $ 350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year’s wildfires. Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco set April 23 as the next date for a hearing on the plan, saying he wants PG&E to give him a “tutorial” on it. The plan covers 2019 and takes the place of a previously proposed 2018 bonus program that the California power provider scuttled after criticism from wildfire victims and their lawyers.

Yahoo News – Latest News & Headlines