Faruqi & Faruqi Reminds Edison International Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 14, 2025 - EIX
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Faruqi & Faruqi, LLP is investigating a potential securities class action against Edison International (EIX) alleging false statements about its Public Safety Power Shutoffs program. The lawsuit claims Edison misrepresented its wildfire risk mitigation efforts, with two specific incidents on January 13 and February 6, 2025, where stock prices dropped after revelations about potential equipment-related fire origins.
March 21, 2025 | 3:30 pm
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Lawsuit alleges false statements about wildfire prevention, potentially exposing Edison to significant legal and financial risks
The class action lawsuit directly targets Edison International, alleging material misrepresentations about its wildfire prevention program. Two specific stock price drops (11.89% and 2.4%) indicate market sensitivity to these claims.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100