“Most of the clients had reservations about it, because the plan is badly flawed,” Danko said. “However, they also understood quite clearly that there was no alternative.” Rejecting the plan would mean “thermonuclear meltdown,” Danko said. Read San Francisco Chronicle Article Online....
Lawdragon, one of the most respected legal ranking organizations in the United States, has named Mike Danko as one of the 500 Leading Plaintiff Consumer Lawyers for 2020. Drawing on a combination of in-depth independent research, journalistic interviews, and client and peer nominations from around the country, the Lawdragon team spends several months determining which...
Some wildfire victims are campaigning to defeat PG&E’s plan to pay victims $13.5 billion in stock and cash and exit bankruptcy. They fear the stock value is too uncertain and want to vote against the plan and attempt to renegotiate the deal. “The only way for fire victims to get a fair deal is to...
“This takes care of our concerns that paying the fine would reduce the amount available for the victims,” Mike Danko, the lawyer for the victims, said in an email. “We’re satisfied with this result.” Insurers with claims against PG&E in bankruptcy agreed to wait 15 days to be paid, letting the fund generate enough interest...
Mike Danko explains to the Wall Street Journal that if the Wildfire Victims’ Trust is funded in part with PG&E stock, then victims would necessarily bear the financial risk of future wildfires, at least until the stock can be sold. But the risk is mitigated by a $21 billion insurance fund that PG&E would be...
PG&E wants to be out of Chapter 11 Bankruptcy by June 30. But Governor Newsom doesn’t like PG&E’s exit plan. “I have no interest in the existing management and the existing board,” Newsom said. “It has to be a completely new company.” And he kept repeating this threat: “There’s going to be a new company...
“Jeremiah Thede is ‘glad he will have his day in court against United Airlines,’ said his lawyer, Mike Danko. ‘He feels that everyone needs to know about what United did to him, because it could happen to anyone.’” Jemiah Thede boarded a United flight from Rome to his home in Oakland. He was hungry and...
The CPUC is out with its report on the Camp Fire. The report lists all the opportunities PG&E had to prevent the fire from happening. Instead, PG&E chose to neglect safety and maximize profits. Mike Danko tells the Wall Street Journal, “It’s not one bad day, not one missed hook. They let the equipment run...