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SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Edison International
EIXEdison International(EIX) Prnewswire·2025-02-27 16:47

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Edison International due to allegations of false statements and misleading information related to the company's safety practices and wildfire risks [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding 100,000inEdisonbetweenFebruary25,2021,andFebruary6,2025,todiscusstheirlegalrights[1].AfederalsecuritiesclassactionhasbeenfiledagainstEdisonInternational,withadeadlineofApril21,2025,forinvestorstoseektheroleofleadplaintiff[2][6].ThecomplaintallegesthatEdisonanditsexecutivesviolatedfederalsecuritieslawsbymakingfalseclaimsabouttheirPublicSafetyPowerShutoffsprogram,whichpurportedlyaimedtomitigatewildfirerisks[4].Group2:ImpactonSharePricesFollowingthefilingofacomplaintonJanuary13,2025,allegingthatEdisonspowerlinescausedwildfires,Edisonssharepricedroppedby100,000 in Edison between February 25, 2021, and February 6, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against Edison International, with a deadline of April 21, 2025, for investors to seek the role of lead plaintiff [2][6]. - The complaint alleges that Edison and its executives violated federal securities laws by making false claims about their Public Safety Power Shutoffs program, which purportedly aimed to mitigate wildfire risks [4]. Group 2: Impact on Share Prices - Following the filing of a complaint on January 13, 2025, alleging that Edison's power lines caused wildfires, Edison’s share price dropped by 7.73, approximately 11.89% [5]. - On February 6, 2025, after reports indicated that Edison's equipment may be linked to the Hurst fire, the share price fell by $1.28, or about 2.4% [5]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3].