Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Edison International (“Edison”) (NYSE: EIX) securities between February 25, 2021 and April 29, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Edison’s claim that SCE used its PSPS program to “proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events,” was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to Edison; and (3) 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 relevant times.
Current Status of Case:
On July 31, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion has been fully briefed and is pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.