• With Pacific Gas & Electric’s potential liability for California’s record fires as much as $17.3 million, raising the prospect of bankruptcy, the for-profit utility has hired Cravath, Wilson Sonsini, and Quinn Emanuel for help. Plaintiff lawyers include Elizabeth Cabraser of Lieff Cabraser Heimann & Bernstein, among others. ( The Recorder ) ( Bloomberg )
• After Tesla CEO Elon Musk vowed on Twitter two days ago that he had “funding secured” for an $82 billion deal to take the company private, the SEC is said to be investigating. ( Bloomberg ) ( WSJ ) What can in-house lawyers do when a ...
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