A class action lawsuit has been filed against Edison International (NYSE: EIX), alleging the utility misled investors about its wildfire prevention measures between February 2021 and February 2025. Robbins Geller Rudman & Dowd LLP, the law firm representing investors, announced an April 14 deadline for affected shareholders to join as lead plaintiffs in the case currently pending in California federal court.
The lawsuit centers on claims that Edison’s subsidiary Southern California Edison (SCE) falsely represented its Public Safety Power Shutoff (PSPS) program as effectively preventing wildfires during extreme weather. According to court documents, these alleged misrepresentations exposed the company to significant legal liabilities when multiple wildfires were later linked to its equipment. The complaint cites a 12% stock price drop on January 13, 2025, following eyewitness reports and photographic evidence connecting Edison’s infrastructure to the Eaton Canyon Fire.
Further damaging revelations emerged on February 6, 2025, when The Wall Street Journal reported SCE had informed California regulators its equipment might have sparked both the Eaton and Hurst wildfires. This disclosure triggered additional stock declines, compounding investor losses that now form the basis of the securities fraud claim. The lawsuit alleges Edison knew or should have known about these wildfire risks but failed to disclose them to shareholders.
Investors who purchased Edison securities during the four-year class period may participate in the action, with the court appointing a lead plaintiff to oversee litigation. Robbins Geller, ranked among the top securities law firms globally, highlights its record of securing major settlements including the historic $7.2 billion Enron recovery. The firm encourages potential class members to come forward before the April deadline.
The case underscores growing legal scrutiny of California utilities’ wildfire prevention programs following catastrophic fires in recent years. As climate change increases wildfire risks, investors are demanding greater transparency about utility companies’ infrastructure safety and emergency protocols. The outcome could influence how energy firms disclose operational risks to shareholders in fire-prone regions.
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