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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Edison International of Class Action Lawsuit and Upcoming Deadlines - EIX
EIXEdison International(EIX) Prnewswire·2025-02-25 22:00

Core Points - A class action lawsuit has been filed against Edison International for alleged securities fraud and unlawful business practices [2][3] - The lawsuit is related to a series of wildfires in the Los Angeles area, with claims that Edison’s power lines may have caused the fires [3][4] - Edison's stock price has experienced significant declines following news reports linking the company to the wildfires, with a drop of 4.50(6.474.50 (6.47%) on January 10, 2025, and a further drop of 7.73 (11.89%) on January 13, 2025 [3][4] Company and Industry Summary - The class action allows investors who purchased Edison securities during the Class Period to seek appointment as Lead Plaintiff by April 21, 2025 [2] - The firm Pomerantz LLP, known for its expertise in corporate and securities class litigation, is representing the plaintiffs in this case [6] - The lawsuit follows reports from the Wall Street Journal indicating that Edison’s equipment may be linked to the start of the Hurst fire, resulting in a stock price decline of $1.28 (2.4%) on February 6, 2025 [5]