Official Committee of Tort v. PG&E Corporation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 PUBLIC EMPLOYEES RETIREMENT Case No. 20-cv-04567-HSG ASSOCIATION OF NEW MEXICO, et al. ORDER AFFIRMING BANKRUPTCY Appellant, COURT'S RULING ON INSURANCE DEDUCTION v. Re: Dkt. Nos. 4, 19 PG&E CORPORATION, et al. 11 Appellee. 12 Pending before this Court is Appellant Public Employees Retirement Association’s appeal of the Bankruptcy Court’s Confirmation Order. Dkt. No. 4 (“Appellant Br.”) and Dkt. No. 18 (“Reply Br.”). Specifically, Appellant appeals the Bankruptcy Court’s ruling that the Bankruptcy Plan’s definition of “Insurance Deduction” with respect to Class 10A-II claims was fair and equitable under Section 1129(b)(1) of the Bankruptcy Code. Appellant Br. at 2. Appellees PG&E Corporation and Pacific Gas and Electric Company (collectively, “Debtors”) and the Official Committee of Tort Claimants (“TCC”) oppose the appeal. Dkt. No. 14 (“PG&E Br.”) and Dkt. No. 12 (“TCC Br.”). …