Hedge Funds Set To Lose Hundreds of Millions In PG&E Collapse

It is still unknown for sure what caused the initial fire that started the largest and most damaging wildfires ever to hit the state of California, but speculation is growing utility provider Pacific Gas & Electric Co. could be to blame. Earlier this week, victims of the Wildfire filed a lawsuit against PG&E Corp, seeking damages against California’s largest public utility for alleged negligence and health and safety code violations by the utility company. According to the lawsuit text, PG&E’s “inexcusable behavior contributed to the cause of the ‘Camp Fire.'” It goes on to claim that PG&E had warned customers…