San Mateo County Superior Court
CPM was Co-Lead Counsel representing PG&E shareholders following the gas pipeline explosion that devastated an entire neighborhood in San Bruno. The explosion, and resulting fire, killed eight people, injured dozens more and destroyed or damaged several dozen homes. PG&E ultimately was held criminally liable for its conduct, and paid tens of millions of dollars in fines and settlements. Through the derivative action, CPM secured a $90 million settlement from PG&E’s officers and directors, one of the largest monetary settlements in United States history, and extensive reforms to PG&E’s safety and risk management practices overseen by management along with ongoing reports to the Court.
