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SAM978 USAF G5 on ground at Lima, Peru-Jorge Chavez Int'l from JBA depart earlier
Landed about an hour ago
New Peruvian president to be sworn in
Pedro Castillo will be sworn in today as Peru’s new president, beginning his five-year term on the 200th anniversary of Peru’s independence. The official results of the election have been delayed for weeks due to allegations of voter fraud from right-wing contender Keiko Fujimori. Castillo declared victory on Monday, after the election authority found no evidence of fraud.
https://foreignbrief.com/daily-news/new-peruvian-president-to-be-sworn-in/
Remington offers $33 million to families of Sandy Hook school shooting victims
Remington Arms Co on Tuesday offered to pay nearly $33 million to nine families to settle lawsuits claiming that its marketing of firearms contributed to the 2012 Sandy Hook massacre in Newtown, Connecticut, where 26 people died.
The proposed settlements would provide $3.66 million to relatives of each victim, subject to approval by a federal judge overseeing Remington’s bankruptcy case in Alabama. A representative for the families had no immediate comment.
Twenty students and six adults were killed on Dec. 14, 2012, by gunman Adam Lanza, who used a Remington Bushmaster rifle as he shot his way into the Sandy Hook Elementary School after shooting his mother to death at home. The massacre ended when Lanza committed suicide as he heard police sirens approach. Only nine families of deceased school children sued Remington.
Remington disclosed the proposed settlements in filings with the Connecticut Superior Court in Waterbury. The gunmaker had filed for bankruptcy protection in 2018 and emerged the same year under the control of its creditors. It filed a second time last July as more retailers began restricting gun sales following other school shootings.
https://www.reuters.com/article/remington-arms-sandy-hook-settlement/remington-offers-33-million-to-families-of-sandy-hook-school-shooting-victims-idUSL1N2P32SN
33....
Fire Victims See PG&E Settlement Burned up in California Blaze
The largest wildfire in California is not only burning homes and forcing thousands to evacuate. It’s also destroying the value of a trust fund set up to compensate victims of past wildfires started by PG&E Corp.
Fire victims own nearly 25% of PG&E’s stock, which has lost about 8% of its value since the California utility giant said on July 18 it may have started the Dixie Fire that’s currently blazing in northern California. It’s the 14th largest in the state’s history, having charred more than 200,000 acres and burned 38 structures. It is 23% contained. Victims of past fires blamed on PG&E equipment agreed in bankruptcy court last year to settle claims against the utility for $13.5 billion with half of that amount paid in cash and the other half in company stock. The value of the 478 million shares held by the fire victims trust sunk to as low as $4.16 billion on Monday, or about $2.5 billion less than the value promised during the bankruptcy settlement. “It’s really unfortunate,” said Will Abrams, a 2017 wildfire survivor who opposed PG&E’s plan to compensate victims in stock. “I’m very disappointed that victims have really been taken advantage of in this situation.”
PG&E shares closed at a 12-month low of $8.75 on Monday after falling for three consecutive sessions. They bounced back as much as 3% Tuesday. “We’re focused on continuing to deliver safe and reliable energy to our customers, and implementing needed changes across our business to improve our operations for the long term,” PG&E said in a statement. Some attorneys for fire victims criticized the stock settlement at the time, saying that it left their clients vulnerable to the risk of PG&E starting another big fire that would reduce the value of their shares**. California officials have been bracing for a severe wildfire season due to a punishing drought that has parched much of the state.
** Said that when this was announced being structured dis way
The fire victims trust has yet to sell its PG&E stock holdings. The trust has paid about $436.4 million to more than 15,000 fire victims as of June 30, according to a report issued earlier this month.
https://www.bnnbloomberg.ca/fire-victims-see-pg-e-settlement-burned-up-in-california-blaze-1.1633500