{"id":57804,"date":"2020-07-31T16:05:47","date_gmt":"2020-07-31T16:05:47","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/"},"modified":"2020-07-31T16:05:47","modified_gmt":"2020-07-31T16:05:47","slug":"paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/","title":{"rendered":"Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4221-imgpsh_fullsize_anim.png\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<header class=\"m-header mm-header--standard mm-header--center mm-header--content-detail\">\n<section class=\"m-header--container\"><\/section>\n<div class=\"m-site-nav m-header--navbar mm-site-nav--protected mm-site-nav--condensed mm-site-nav--header-alignment-center\">&nbsp;<\/div>\n<\/header>\n<section class=\"m-page-container trackable click\">\n<div class=\"m-page m-detail mm-detail mm-feature\">\n<section class=\"m-component-detail\">\n<article class=\"m-story mm-feature\">\n<div class=\"m-detail--contents l-content-well\">\n<section class=\"l-grid lm-grid--detail lm-grid--with-right-rail\">\n<div class=\"l-grid--content-body\">\n<div class=\"m-detail--body\">\n<p>Paul Singer, as we have noted, is&nbsp;<a href=\"https:\/\/dealbreaker.com\/2018\/03\/dear-executives-and-directors-of-travelport-worldwide\">used to getting his way<\/a>. Well, in the matter of the bankruptcy of California&rsquo;s largest utility and fiery-clearer-of-ground&nbsp;<a href=\"https:\/\/dealbreaker.com\/2019\/07\/elliott-pge-newsom\">PG&amp;E<\/a>, Singer most certainly&nbsp;<a href=\"https:\/\/dealbreaker.com\/2019\/12\/pge-deal-burns-elliott\">did not get his way<\/a>. And when Paul Singer does not get his way, he tends to get&nbsp;<a href=\"https:\/\/dealbreaker.com\/2017\/12\/santa-paul-singer-places-pulverized-hess-truck-under-ceos-christmas-tree\">cranky<\/a>. This tendency, furthermore, is exacerbated when he&nbsp;<a href=\"https:\/\/www.wsj.com\/articles\/pg-e-wins-court-approval-on-bankruptcy-pact-with-bondholders-11580851844\" target=\"_blank\" rel=\"noopener noreferrer\">agrees to not get his way<\/a>&nbsp;in exchange for something, and that something is not forthcoming&mdash;especially if it is stymied in what he perceives to be some&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-28\/elliott-hits-pg-e-with-new-250-million-claim-tied-to-bankruptcy?sref=gwvdRNZU\" target=\"_blank\" rel=\"noopener noreferrer\">dastardly and ungentlemanly way<\/a>. That Paul Singer will not abide&mdash;and Paul Singer can be&nbsp;<a href=\"https:\/\/dealbreaker.com\/2018\/02\/paul-singer-seems-serious-about-getting-what-he-wants-before-rupert-murdoch-gets-what-he-wants\">a very patient man when he&rsquo;s angry<\/a>.<\/p>\n<blockquote class=\"m-blockquote\">\n<p>PG&amp;E was supposed to help Elliott gain access to as much as $2 billion in equity commitments, as part of a settlement struck in January to resolve competing and sometimes contentious restructuring plans, according to a court filing by Elliott&hellip;. PG&amp;E allegedly breached its obligation, &ldquo;and concealed that breach until after the evidence had closed with respect to the confirmation hearing, Elliott is now entitled to seek payment of this administrative expense claim,&rdquo; the firm said&hellip;.<\/p>\n<p>Elliott complained that PG&amp;E failed to use its &ldquo;best efforts&rdquo; to persuade other investors involved in the company&rsquo;s reorganization to give Elliott the investment rights.&rdquo;<\/p>\n<\/blockquote>\n<p>The people who run PG&amp;E must not love their&nbsp;<a href=\"https:\/\/dealbreaker.com\/2017\/12\/paul-singer-stoop-dragging-ceos-children-activist-battles\">children&nbsp;<\/a>or their&nbsp;<a href=\"https:\/\/dealbreaker.com\/2017\/04\/paul-singers-latest-strategy-provoke-into-self-destruction\">jobs&nbsp;<\/a>very much.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-28\/elliott-hits-pg-e-with-new-250-million-claim-tied-to-bankruptcy?sref=gwvdRNZU\" target=\"_blank\" rel=\"noopener noreferrer\">Elliott Hits PG&amp;E With New $250 Million Claim Tied to Bankruptcy<\/a>&nbsp;[Bloomberg]<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/article>\n<\/section>\n<\/div>\n<\/section>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"https:\/\/dealbreaker.com\/2020\/07\/elliott-sues-pge\" target=\"_blank\">https:\/\/dealbreaker.com\/2020\/07\/elliott-sues-pge<\/a><br \/><b>Contact Information:<\/b><br \/>JON SHAZAR<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>JON SHAZAR<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4221-imgpsh_fullsize_anim.png\" alt=\"\">&nbsp; Paul Singer, as we have noted, is&nbsp;used to getting his way. Well, in the matter of the bankruptcy of California&rsquo;s largest utility and fiery-clearer-of-ground&nbsp;PG&amp;E, Singer most certainly&nbsp;did not get his way. And when Paul Singer does not get his way, he tends to get&nbsp;cranky. This tendency, furthermore, is exacerbated when he&nbsp;agrees to not get &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/\">Continue reading <span>Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million<\/span><\/a> <a href=\"http:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":139,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-57804","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million - Business\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Paul Singer, as we have noted, is&nbsp;used to getting his way. Well, in the matter of the bankruptcy of California&rsquo;s largest utility and fiery-clearer-of-ground&nbsp;PG&amp;E, Singer most certainly&nbsp;did not get his way. And when Paul Singer does not get his way, he tends to get&nbsp;cranky. 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Well, in the matter of the bankruptcy of California&rsquo;s largest utility and fiery-clearer-of-ground&nbsp;PG&amp;E, Singer most certainly&nbsp;did not get his way. And when Paul Singer does not get his way, he tends to get&nbsp;cranky. This tendency, furthermore, is exacerbated when he&nbsp;agrees to not get &hellip; Continue reading Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million Continue Reading &rarr;","og_url":"https:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/","og_site_name":"Business","article_published_time":"2020-07-31T16:05:47+00:00","og_image":[{"url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4221-imgpsh_fullsize_anim.png","type":"","width":"","height":""}],"author":"bakhtawar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"bakhtawar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/","url":"https:\/\/ipsnews.net\/business\/2020\/07\/31\/paul-singer-ready-to-burn-pge-to-the-ground-to-get-his-250-million\/","name":"Paul Singer Ready To Burn PG&amp;E To The Ground To Get His $250 Million - 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