Hedge Funds Unite to Press Bankrupt PG&E for Management OverhaulThe hedge funds said in filings late Friday that they’re looking at nominating directors to PG&E’s board and want a say in who the company’s next chief executive officer will be. The funds represent almost 10 percent of PG&E’s outstanding shares, according to the filings. The emergence of the latest group sets the stage for a potential fight among investors over the future of PG&E, which filed for bankruptcy in January to deal with $30 billion worth of wildfire liabilities.




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