CalFire firefighter Brandon Tolp monitors a firing operation while battling the Tubbs Fire on October 12, 2017 near Calistoga, California. At least thirty one people have died in wildfires that have burned tens of thousands of acres and destroyed over 3,500 homes and businesses in several Northern California counties. (Photo: Justin Sullivan/Getty Images)
PG&E Corp. shares plunged after a judge ruled that a jury can determine whether it should pay as much as $18 billion in damages to wildfire victims.
The California utility giant fell as much 30% to $10.05 in New York on Monday, the biggest intraday decline since the company signaled plans to file for bankruptcy in mid-January. PG&E's bonds also declined.
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