Canyon Capital Advisors LLC v. PG&E Corporation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 CANYON CAPITAL ADVISORS LLC, Case No. 20-cv-04949-HSG Plaintiff, ORDER GRANTING MOTION TO

DISMISS AND DENYING MOTION TO

v. RESET HEARING PG&E CORPORATION, Re: Dkt. Nos. 6, 18 Defendant. 12 Pending before the Court is the motion to dismiss (“Motion”) this appeal by Canyon Capital Advisors LLC (“Appellant” or “Canyon”) filed by PG&E Corporation (“PG&E Corp.”) and Pacific Gas and Electric Company (“Utility”), as debtors (collectively, the “Debtors,” and as reorganized pursuant to the Plan (as defined below), “Reorganized Debtors”). Dkt. No. 6. Appellant filed this appeal of the Bankruptcy Court’s order (“Confirmation Order”) confirming the Debtors’ Plan of Reorganization, dated June 19, 2020 (“Plan”). On October 29, 2020, the Court held a hearing on the Motion. Dkt. No. 22. For the reasons set forth below, the Court GRANTS 20 1 Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in…