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Kessler Topaz Meltzer & Check, LLP Reminds EIX Investors of April 21, 2025 Deadline in Securities Fraud Class Action and Urges Investors with Losses to Contact the Firm
EIXEdison International(EIX) GlobeNewswire News Room·2025-03-13 21:22

Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false statements regarding its Public Safety Power Shutoffs program, which purportedly increased fire risks in California and misled investors about the company's operations and prospects [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Central District of California on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025 [1]. - The lead plaintiff deadline for the lawsuit is April 21, 2025 [1][4]. Group 2: Allegations Against Edison - The complaint alleges that Edison falsely claimed its Public Safety Power Shutoffs program was used to mitigate wildfire risks, which actually heightened fire risks and legal exposure [3]. - Defendants' statements regarding Edison's business and operations were claimed to be materially false and misleading throughout the class period [3]. Group 3: Lead Plaintiff Process - Investors can seek to be appointed as a lead plaintiff representative of the class by the April 21, 2025 deadline, or they may choose to remain absent [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4].