Today's Date: March 19, 2024
Mitsubishi Electric Named to CDP Supplier Engagement Leader   •   Back Market Plugs into Google Cloud to Power Global Expansion and Support Sustainability Mission   •   Trnd Launches Advanced Brand Analytics   •   ProLogium Showcases Path to De-carbonization with Its Exclusive Solid-State Battery at Taipei Net Zero City Expo   •   Republic of Zambia to Become First Nation to Join Operation HOPE's 'Financial Literacy for All' Initiative   •   Turning Clutter into Cash: Nextdoor Insights Reveal an Upcycling Opportunity in America’s Annual Spring Cleaning Trend   •   Viridi Energy Acquires Maine Digester Facility for Industry-Leading Biosolids-to-RNG Project   •   RepRisk ESG risk data now available to Bloomberg Data Management Services customers   •   Best Life Insurance Plans for Women - Our Top Picks for 2024   •   EA SPORTS FC™ Announce New Sponsorship of UEFA’s Women in Football Leadership Programme   •   NATURE'S MIRACLE HOLDING INC. RECENTLY RANG THE CLOSING BELL AT NASDAQ, TIMES SQUARE NYC   •   Accelerate Learning and CloudLabs Partner to Bring Gamified STEM Simulations to K-12 Schools   •   UL Solutions and SINAI Technologies Join Forces to Help Customers Enhance Decarbonization and ESG Performance and Reporting   •   Wyndham's Women Own the Room Initiative Drives Over One Dozen Hotel Openings   •   “Unfortunately, not a lot has changed for girls in football.”   •   Sprouts Farmers Market Announces New NIL Deals   •   New ASEAN Energy and ACTUAL Sign Cooperation Agreement to Develop Net-Zero Plan for the New $5B USD Pengerang Energy Complex   •   NAREB PREPARES MEMBERS FOR MAJOR CHANGES TO HOME SALES AGENT COMMISSIONS AFTER LAWSUIT SETTLEMENT   •   NEW BOOK ENERGIZES MID-CAREER WOMEN BY PROMOTING INTENTIONAL SELF-ADVOCACY AND REJECTING SOCIETAL NORMS THAT HOLD WOMEN BACK   •   Mbanq and The Financial Policy Council to Host: “Business Banking Battles – Big Value in the Face of Bank Industry T
Bookmark and Share

Fire Victim Trust Settles Vegetation Management Claims For $171m

SAN FRANCISCO , March 23 /Businesswire/ - The Fire Victim Trust (FVT) announced today that it has reached a Settlement and Mutual General Release Agreement with defendants Western Environmental Consultants, LLC; ArborMetrics Solutions, LLC; Trees, LLC; and Utility Tree Service, LLC for vegetation management claims relating to the North Bay fires in California in October 2017.

FVT’s claims against the defendants emerged from PG&E’s bankruptcy plan in which certain rights and causes of action were assigned to FVT to recover additional funds for fire survivors. The defendants collectively will make a settlement payment to FVT of $171 million and as a condition of payment, FVT shall request a dismissal of legal actions against the defendants.

“We are happy to have reached a settlement in this matter. It is a sign of our continued progress in working to resolve derivative claims for the benefit of fire survivors,” commented Trustee, Cathy Yanni.

The claims resolved by the settlements are allegations only and there has been no determination of liability. The Settling Vegetation Defendants deny the allegations in the Action and in the Individual Vegetation Contractor Lawsuits and deny any liability for the 2017 California North Bay Fires.

The Fire Victim Trust:

The Fire Victim Trust evaluates, administers, processes, and resolves eligible claims arising from the 2015 Butte Fire, 2017 North Bay Fires, and 2018 Camp Fire. Under the direction of the Trustee, the Fire Victim Trust provides an efficient and equitable process to review claims and compensate Fire Victims for both economic and noneconomic damages caused by these fires, including destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, personal injury or death and related medical expenses, and emotional distress. To date, the Fire Victim Trust has disbursed $8.66 billion to Fire Victims. For more information about the Fire Victim Trust, please visit www.firevictimtrust.com.


STORY TAGS: United States, North America, Legal, Insurance, Natural Disasters, Utilities, Public Safety, Public Policy/Government, Energy, Professional Services, Other Natural Resources, Environment, Natural Resources, State/Local, Public Policy, Other Policy Issues, California, Lawsuit,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News