INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Edison International
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Faruqi & Faruqi, LLP is investigating potential securities law violations by Edison International (EIX) related to alleged false statements about its Public Safety Power Shutoffs (PSPS) program. The investigation stems from two incidents: a January 13, 2025 complaint alleging fires originated from Edison's power lines, and a February 6, 2025 Wall Street Journal report suggesting Edison's equipment might be linked to the Hurst fire. These events caused EIX stock to drop 11.89% and 2.4% respectively.
March 28, 2025 | 2:45 pm
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Potential securities class action lawsuit alleges false statements about wildfire prevention, with stock price drops indicating market sensitivity to the claims.
The lawsuit alleges material misrepresentations about Edison's Public Safety Power Shutoffs program, which could lead to financial and reputational damage. Stock price drops on news of potential liability suggest market concerns.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100