PG&E Wildfire Securities Settlement, Did You Lose Money on PG&E Stock or Bonds? Claim Before July 6, 2026

Investors who bought PG&E Corporation stock, options, or bonds between April 29, 2015 and November 15, 2018 may be entitled to money from a $100 million class action settlement. The lawsuit alleges that PG&E made false and misleading statements to investors about its wildfire safety practices and compliance with regulations before the 2017 North Bay Fires and the 2018 Camp Fire. The claim deadline is July 6, 2026.

Field	Detail
Settlement Amount	$100,000,000
Claim Deadline	July 6, 2026
Who Qualifies	Purchasers of PG&E securities from April 29, 2015 – November 15, 2018
Payout Per Person	TBD (pro-rata based on losses)
Proof Required	Yes
Settlement Status	Proposed — Final hearing August 25, 2026
Administrator	A.B. Data, Ltd.
Official Website	PGECorporationSecuritiesLitigation.com

Where things stand right now:

• The parties reached the $100 million settlement agreement on December 31, 2025, after seven years of litigation that included a PG&E bankruptcy proceeding.
• A final Settlement Hearing is scheduled before Judge Edward J. Davila on August 25, 2026 at 9:00 a.m. in Courtroom 4 of the Robert F. Peckham Federal Building in San Jose, California.
• The opt-out deadline, objection deadline, and claim filing deadline all fall on July 6, 2026.

What PG&E Was Accused of Telling Investors

The lawsuit centers on claims that PG&E made materially false and misleading statements and omissions about its wildfire safety practices and its compliance with relevant regulations. Investors allege they bought PG&E securities at inflated prices because the company’s public statements painted a rosier picture of its safety record than the truth warranted.

The case asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5. In plain terms, those are the federal laws that prohibit companies from lying to investors or leaving out information that would materially affect their investment decisions.

PG&E’s January 2019 bankruptcy filing placed a stay on the legal proceedings, but Lead Counsel tenaciously pursued the case through the Bankruptcy Court, successfully resuming litigation once the stay was overturned in 2024. That persistence ultimately produced this settlement.

Related article: GSX Techedu $9.5 Million Securities Settlement, Did You Buy GSX Stock Between 2019 and 2020? File a Claim Before May 30, 2026

Do You Qualify to File a Claim?

The settlement class covers all persons and entities who purchased or otherwise acquired PG&E Securities during the period from April 29, 2015 through November 15, 2018, both dates inclusive, and who allegedly sustained damages as a result.

You may qualify if:

• You purchased or acquired PG&E Corporation common stock during the class period (April 29, 2015 – November 15, 2018)
• You purchased or acquired PG&E stock options during that same window
• You purchased notes in any of the following offerings: the April 2018 Offering (3.95% Notes, CUSIP 694308HY6), the April 2018 Offering (3.3% Notes, CUSIP 694308HW0), the December 2016/March 2017 Offering (4% Notes, CUSIP 694308HR1), the March 2017 Offering (3.3% Notes, CUSIP 694308HS9), or the March 2016 Offering (2.95% Notes, CUSIP 694308HP5)
• You suffered a financial loss on those securities

A full list of eligible PG&E securities is available at PGECorporationSecuritiesLitigation.com.

How Much Could You Receive?

The exact amount each investor receives depends on a pro-rata calculation — meaning the $100 million net fund gets divided proportionally based on each claimant’s verified losses relative to all other valid claims. Individual payout amounts are TBD until after the final approval hearing and the claims period closes.

The Plan of Allocation — the formula used to calculate each person’s share — is available in the long-form notice at the official settlement website. Your payout will generally reflect how many shares or bonds you held, at what price you bought them, and what losses you incurred.

How to File a Claim

Step 1 — Go to www.PGECorporationSecuritiesLitigation.com and download or access the Claim Form.

Step 2 — Enter your personal or entity details, including your name, address, and taxpayer identification or Social Security number.

Step 3 — Provide your transaction history for PG&E securities purchased between April 29, 2015 and November 15, 2018 — dates of purchase, number of shares or bonds, and price paid.

Step 4 — Upload or attach supporting documentation (brokerage statements, trade confirmations) showing your purchases and sales.

Step 5 — Submit your Claim Form online or mail it to: PG&E Corp. Sec. Litig., c/o A.B. Data, Ltd., P.O. Box 173069, Milwaukee, WI 53217.

Step 6 — Save your confirmation number or your postmarked mailing receipt.

The Claim Form must be postmarked or submitted online no later than July 6, 2026.

Estimated time to complete: 15–30 minutes, depending on how readily available your brokerage records are.

Key Deadlines

Milestone	Date
Settlement Agreement Signed	December 31, 2025
Notice Issued to Class	March 26, 2026
Claim Filing Deadline	July 6, 2026
Opt-Out Deadline	July 6, 2026
Objection Deadline	July 6, 2026
Final Approval Hearing	August 25, 2026
Expected Payment Date	TBD (after final approval)

Frequently Asked Questions

Do I need a lawyer to file a claim?

 No. You can file a claim on your own directly at PGECorporationSecuritiesLitigation.com. The process involves submitting your investment records, not legal arguments. If your situation is complex — for example, if you held shares through a trust or estate — consulting an attorney may be helpful.

Is this settlement legitimate? 

Yes. The settlement is pending before the Honorable Edward J. Davila of the United States District Court for the Northern District of California, and was issued pursuant to Rule 23 of the Federal Rules of Civil Procedure. The Claims Administrator, A.B. Data, Ltd., is a court-appointed third party.

When will I receive my payment?

 Payments will not go out until after the court grants final approval at the August 25, 2026 hearing, all appeals are resolved, and the claims review process is complete. A realistic payment timeline is likely late 2026 or into 2027, though this is TBD.

What if I miss the July 6, 2026 deadline?

 If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders relating to the Settlement. Missing the deadline costs you your right to payment without releasing you from the settlement’s terms.

What does opting out mean, and should I do it? 

Opting out means you exclude yourself from the settlement entirely. You would not receive any payment, but you would keep the right to sue PG&E individually over the same claims. A written request for exclusion must be received no later than July 6, 2026. Consult an attorney before deciding to opt out.

Can I object to the settlement instead of opting out? 

Yes. Any objections to the proposed settlement, the attorneys’ fee application, or the proposed Plan of Allocation must be submitted to the District Court in accordance with the instructions in the long-form Notice, received no later than July 6, 2026.

Will this settlement payment affect my taxes?

 Possibly. Settlement payments related to investment losses may have tax implications depending on your individual circumstances. The IRS generally treats securities lawsuit recoveries differently from ordinary income. Consult a tax professional before filing your claim.

I held PG&E bonds, not stock. Do I still qualify?

 Yes, potentially. The settlement class includes purchasers of PG&E notes from several specific offerings between 2016 and 2018. Check the full list of eligible CUSIPs at the official settlement website to confirm whether your bonds are covered.

Sources & References

• Official Settlement Website: www.PGECorporationSecuritiesLitigation.com
• Court Docket: In re PG&E Corporation Securities Litigation, No. 5:18-cv-03509-EJD (N.D. Cal.)
• Lead Counsel Announcement: Labaton Keller Sucharow LLP
• PR Newswire Notice (March 26, 2026): Official Class Notice

Last Updated: March 26, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.