EIX Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Edison International (EIX)

Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false statements regarding its Public Safety Power Shutoffs program, which purportedly increased fire risks in California and misled investors about the company's operations and prospects [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Central District of California on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025 [1]. - The lead plaintiff deadline for the lawsuit is April 21, 2025 [1][4]. Group 2: Allegations Against Edison - The complaint alleges that Edison falsely claimed its Public Safety Power Shutoffs program was used to mitigate wildfire risks, which actually heightened fire risks and legal exposure for the company [3]. - Defendants' statements regarding Edison's business and operations were claimed to be materially false and misleading throughout the class period [3]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as lead plaintiff representatives by the deadline or choose to remain absent class members [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [4]. Group 4: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]. - The firm encourages Edison investors who have suffered losses to contact them for more information [5].