Edison International Securities Lawsuit Investigation

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against Edison International (EIX).

If you purchased or held Edison International securities between February 25, 2021 and February 06, 2025, you may be eligible to join this lawsuit and seek compensation for your losses.

About Edison International

Edison International is primarily focused on generating and distributing electric power. Headquartered in Rosemead, California, the company operates through its subsidiaries, including Southern California Edison Company (SCE), which is one of the largest electric utilities in the United States.

SCE serves a vast area of approximately 50,000 square miles in Southern California, providing electricity to millions of customers. As of now, the company employs over 700 individuals, according to LinkedIn data.

The Allegations

The securities lawsuit alleges that Edison International and certain executives made false and misleading statements to investors regarding the company’s wildfire mitigation efforts. It is claimed that the company stated SCE used its Public Safety Power Shutoffs (PSPS) program to proactively de-energize power lines during extreme weather events to reduce wildfire risk.

However, according to the complaint, SCE failed to properly implement these safety measures, resulting in increased wildfire risk and legal exposure.

The issue came to light following the Eaton Canyon Fire, which began on January 7, 2025, in the Altadena area of Los Angeles County. Eyewitness accounts and subsequent investigations suggested that the fire originated near Edison’s electrical towers.

Despite initial statements from Edison that its lines had been de-energized, further disclosures revealed that there were no interruptions or anomalies in the lines prior to the start of the fire. As a result, on January 13, 2025, a lawsuit was filed in California state court alleging that Edison’s power lines caused the fire.

The impact on Edison’s stock was significant. On January 13, 2025, following news of the lawsuit and the allegations, Edison International’s share price dropped by $7.73, representing a decline of approximately 11.89%. Additional disclosures in February 2025 led to further declines.

Important Dates

• Class period: February 25, 2021 to February 06, 2025
• Complaint filed: February 11, 2025

Your Rights and Next Steps

If you purchased or acquired Edison International securities during the class period, you have important legal rights. As an investor, you may be eligible to join the class action lawsuit and seek compensation for your financial losses related to the alleged securities fraud.

You have several options:

• You can choose to become a lead plaintiff, which means you would represent the interests of all class members in court. The lead plaintiff is typically the investor with the largest financial interest in the case and is responsible for directing the litigation.
• You can remain a passive class member. If the class action is successful, you may still be eligible to receive a portion of any recovery, even if you do not take an active role.
• If you wish to be considered for the role of lead plaintiff, you must file a motion with the court by the lead plaintiff deadline of April 21, 2025.

Lawyers are ready to help you understand your rights and guide you through the process. There are no upfront costs to participate—legal fees and expenses are typically paid only if the case is successful.

You May Be Entitled to Compensation

If you suffered losses as a result of purchasing Edison International securities during the class period, you may be entitled to financial compensation. To learn more about your rights and to see if you qualify to join the lawsuit, complete the below form. Lawyers are ready to review your information and help you take the next steps toward potential recovery.