Edison International(EIX) Prnewswire·2025-02-27 01:52Group 1 - A class action has been filed on behalf of all persons or entities that purchased or acquired Edison International (NYSE: EIX) securities between February 25, 2021, and February 6, 2025 [1] - The allegations include that Edison International's equipment may have been involved in the recent Eaton Canyon fire, and that the company misrepresented its Public Safety Power Shutoffs (PSPS) program [2] - The complaint claims that Edison failed to disclose that its PSPS program was ineffective in mitigating fire risks, leading to increased fire hazards and legal exposure [2] Group 2 - A fire began in Eaton Canyon on January 7, 2025, and Edison admitted that there were no operational anomalies prior to the fire, which led to a lawsuit alleging that the fires originated from Edison's power lines [3] - Following the news of the fire and the lawsuit, Edison's stock price fell nearly 12% [3] - An article published by The Wall Street Journal on February 6, 2025, indicated that Edison's equipment may have been involved in the Southern California fires, resulting in another decline in the company's stock price [4] Group 3 - Shareholders interested in participating in the class action must submit their information to the court by April 14, 2025, to serve as lead plaintiff [5] - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [5] - Robbins LLP operates on a contingency fee basis, meaning shareholders pay no fees or expenses [6]