Edison International Securities Fraud Lawsuit

Edison International is facing a securities class action lawsuit filed by law firms Kessler Topaz Meltzer & Check and Faruqi & Faruqi. The lawsuit alleges that Edison International and its subsidiary, Edison International — Southern California Edison, made false and misleading statements about the effectiveness of its Public Safety Power Shutoffs program in mitigating wildfire risks. The complaint claims that this resulted in heightened fire risk in United States — California and increased legal exposure for Edison International. On January 13, 2025, a complaint was filed in Los Angeles Superior Court alleging fires originated from Edison's power lines, causing Edison International's share prices to drop by 11.89%. Further, on February 6, 2025, The Wall Street Journal reported that Edison International — Southern California Edison submitted letters to the United States — California Public Utilities Commission, indicating its equipment might be associated with the start of the Hurst fire, leading to another 2.4% drop in share prices. Investors who purchased Edison International securities between February 25, 2021, and February 6, 2025, are encouraged to seek lead plaintiff status in the lawsuit, with deadlines in April 2025.