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A California bankruptcy court on Thursday approved Pacific Gas and Electric Co.'s plan to emerge from Chapter 11 protection. Although not an endorsement of the plan, which has drawn fire for proposing to sidestep several state laws, the action shows U.S. Bankruptcy Judge Dennis Montali believes that the disclosure statement adequately reflects changes discussed during several months of hearings.
April 15, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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