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Stock impact report

Tom Girardi underling faces discipline charges over $53-million payout kept secret from clients [Los Angeles Times (CA)]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
The attorney is accused of concealing details of a $53-million settlement from one of his clients. The charges against Robert Finnerty, 70, center on his role as the lawyer for Joseph Ruigomez, a Bay Area man who suffered devastating burns across most of his body in the 2010 San Bruno pipeline explosion Finnerty and Girardi represented Ruigomez as well as Ruigomez's parents and sister in a lawsuit filed against Pacific Gas & Electric. According to charges filed in State Bar Court that were disclosed Monday, Finnerty in 2013 negotiated the $53-million settlement with PG&E without the Ruigomez family's knowledge or approval, and the family was not informed of the total settlement amount at the time. Rather, they were told the settlement was far lower: that after attorneys' fees, Joseph would receive $5 million, his parents would receive $1 million, and his sister would receive $250,000. The family only saw the signature pages of the settlement agreement, not the full document, a Show less Read more
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