PG&E Holds Blue Mountain Back In 2018

On January 17th, 2019, Blue Mountain Capital Management sent a letter to the board of directors of PG&E Corporation, warning that the firm would not hesitate to start legal action against the company and its directors if the utility provider filed for bankruptcy. “We simply cannot recall a situation where such a valuable company filed for bankruptcy with such blatant questions about this necessity of doing so,” Blue Mountain’s letter opens by saying. Q4 hedge fund letters, conference, scoops etc It is clear why the hedge fund is willing to take this action against PG&E’s management. Blue Mountain has a…