Archived Investigations
Edison International (NYSE: EIX)
Edison International and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (1) Edison’s claim that Southern California Edison Company (“SCE”) used its Public Safety Power Shutoffs (“PSPS”) program to “proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events”, was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to the Company; and (3) as a result, Defendants’ statements about Edison’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
The case is Elliott v. Edison International, No. 25-cv-01383.