{"id":67704,"date":"2019-01-27T01:09:55","date_gmt":"2019-01-27T06:09:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=67704"},"modified":"2019-01-29T01:52:06","modified_gmt":"2019-01-29T06:52:06","slug":"hedge-fund-prepares-proxy-fight-to-oust-embattled-pges-board","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2019\/hedge-fund-prepares-proxy-fight-to-oust-embattled-pges-board.html","title":{"rendered":"Hedge Fund Prepares Proxy Fight to Oust Embattled PG&#038;E&#8217;s Board"},"content":{"rendered":"<p>\n(Reuters)PG&#038;E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner\u2019s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors. The hedge fund, which owns about 2 percent of PG&#038;E, said it is trying to rally support from other shareholders to replace all 10 of the company\u2019s board members at this year\u2019s annual meeting expected in May.<\/p>\n<p>BlueMountain\u2019s chances of success are remote, given that PG&#038;E has said its bankruptcy filing may come as early Jan. 29. However, the maneuvering could end up giving BlueMountain a bigger role in any bankruptcy negotiations.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-pg-e-us-hedgefund-exclusive\/hedge-fund-prepares-proxy-fight-to-oust-embattled-pges-board-idUSKCN1PI1GD\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters)PG&#038;E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner\u2019s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors. The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67704","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=67704"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67704\/revisions"}],"predecessor-version":[{"id":67705,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/67704\/revisions\/67705"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=67704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=67704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=67704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}