UPDATE - Lowey Dannenberg Notifies Edison International (“Edison” or the “Company”) (NYSE: EIX) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $200,000 in Losses to Contact the Firm
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Lowey Dannenberg P.C. has filed a securities class action lawsuit against Edison International (EIX) alleging the company made false statements about its Public Safety Power Shutoffs program during the period of February 25, 2021 to February 6, 2025. The lawsuit claims Edison misrepresented its wildfire mitigation strategies, which potentially increased fire risk and legal exposure in California.
March 21, 2025 | 3:45 pm
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The class action lawsuit alleges false statements about wildfire prevention, which could negatively impact investor confidence and stock performance.
The lawsuit directly targets Edison International, alleging material misrepresentations about its Public Safety Power Shutoffs program. Such legal actions typically create investor uncertainty, potentially leading to stock price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100