Edison International misled investors about wildfire risk management practices
- A securities class action lawsuit alleges that Edison International made misleading statements that heightened wildfire risks.
- The class period for investors affected spans from February 25, 2021, to February 6, 2025.
- Edison investors have until April 21, 2025, to act as lead plaintiffs or remain part of the class.
In the United States, a securities class action lawsuit has been filed against Edison International following claims of investor fraud. The law firm Kessler Topaz Meltzer & Check, LLP announced this lawsuit on March 16, 2025, for investors who acquired Edison securities between February 25, 2021, and February 6, 2025. The lawsuit alleges that throughout this period, Edison made several misleading statements regarding the effectiveness of its Public Safety Power Shutoffs program intended to reduce the risk of wildfires during extreme weather conditions. According to the complaint, these statements not only misrepresented the safety measures adopted by Edison but also failed to disclose the exacerbating fire risk and legal liabilities stemming from their operations. Investors are given a deadline of April 21, 2025, to apply as lead plaintiffs in the class action, highlighting the importance of proactive investor representation in potentially harmful corporate practices. The firm encourages other investors who have suffered significant losses due to these alleged misrepresentations to reach out for more information.