Investors who lost money with shares of Edison International (NYSE: EIX) should contact the Shareholders Foundation

An investor, who purchased shares of Edison International (NYSE: EIX), filed a lawsuit over alleged violations of Federal Securities Laws by Edison International in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Edison International (NYSE: EIX) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Rosemead, CA based Edison International, through its subsidiaries, engages in the generation and distribution of electric power. Edison International reported that its annual Total Revenue declined from $17.22 billion in 2022 to over $16.33 billion in 2023, and that its Net Income increased from $824 million in 2022 to over $1.4 billion in 2023.

On January 9, 2025, Pasadena Now published an article titled "The Moment the Eaton Fire Ignited," reporting from eyewitnesses that the Eaton Canyon Fire originated near electrical towers, although the article did not name Edison International or SCE as the entities responsible for operating said towers.

On January 12, 2025, the Los Angeles Times published an article, "Officials investigating whether Southern California Edison equipment ignited Hurst fire." This article stated that "[f]ire agencies are investigating whether downed Southern California Edison utility equipment played a role in igniting the Hurst fire near Sylmar, company officials said. [. . .] The company said, 'fire agencies are investigating whether SCE equipment was involved in the ignition of' the fire, and that the investigation was ongoing. Utilities are required to report whenever a government entity launches an investigation into whether their equipment caused a wildfire."

On January 13, 2025 multiple lawsuits were filed in the Superior Court of the State of California for the County of Los Angeles alleging that the Eaton Canyon Fire originated from Edison International's power lines and included eye-witness accounts and photographs that showed the fire was started by Edison International's electrical equipment. The lawsuits were filed on behalf of homeowners, renters, business owners and others with properties destroyed by the Eaton Fire in the Pasadena area.

Then on February 6, 2025, The Wall Street Journal published an article titled "Edison Unit Says Its Equipment May Have Been Involved in SoCal Fires," which reported that, on that day, SCE "submitted two letters to the California Public Utilities Commission with updates on its analysis of the Eaton and Hurst wildfires, saying it believes its equipment may be associated with the start of the Hurst fire".

Shares of Shares of Edison International (NYSE: EIX) declined from $88.77 per share on September 04, 2024, to as low as $49.06 per share on February 10, 2025.

The plaintiff claims that between February 25, 2021 and February 6, 2025, the defendants made false and/or misleading statements and/or failed to disclose that Edison's claim that Southern California Edison Company ("SCE") used its Public Safety Power Shutoffs ("PSPS") program to "proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events", was false, that this resulted in heightened fire risk in California and heightened legal exposure to the Company, and that as a result, Defendants' statements about Edison's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

Those who purchased shares of Edison International (NYSE: EIX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.