Edison International(US:EIX) Prnewswire·2025-03-21 15:20Core 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 Public Safety Power Shutoffs program and its impact on wildfire risks in California [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $100,000 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, with a deadline of April 14, 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 statements regarding the safety of its power lines and the effectiveness of its wildfire mitigation strategies [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 start of a wildfire, 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].