PG&E “San Bruno Fire” Cases, No. A152330 (D1d3 Dec. 18, 2019)
Various groups of stockholder plaintiffs sued members of PG&E management derivatively on behalf of the company for alleged misconduct in connection with the San Bruno pipeline explosion. Plaintiffs collectively agreed to settle for $90 million and $25 million in attorneys’ fees. The trial court trial later adopted the recommendation of a three-member panel of special masters as to the allocation of the fee award between the various counsel involved. One plaintiff, however, filed a notice of appeal, challenging the award to his counsel.
But the settlement agreement, to which this plaintiff was a signatory, provided that the trial court’s determination on fee allocation would be “final and nonappealable.” California law generally recognizes that parties can waive the right to appeal, provided the waiver is express, sufficiently clear, and not coerced. Which the settlement agreement in this case was.
Appeal dismissed.
Various groups of stockholder plaintiffs sued members of PG&E management derivatively on behalf of the company for alleged misconduct in connection with the San Bruno pipeline explosion. Plaintiffs collectively agreed to settle for $90 million and $25 million in attorneys’ fees. The trial court trial later adopted the recommendation of a three-member panel of special masters as to the allocation of the fee award between the various counsel involved. One plaintiff, however, filed a notice of appeal, challenging the award to his counsel.
But the settlement agreement, to which this plaintiff was a signatory, provided that the trial court’s determination on fee allocation would be “final and nonappealable.” California law generally recognizes that parties can waive the right to appeal, provided the waiver is express, sufficiently clear, and not coerced. Which the settlement agreement in this case was.
Appeal dismissed.