A class action lawsuit has been filed against Edison International (EIX), the parent company of Southern California Edison Company (SCE) and Edison Energy Group, Inc. The lawsuit alleges that SCE’s Public Safety Power Shutoffs (PSPS) program was misleadingly marketed to mitigate wildfire risk, but in reality, may have increased fire danger.
The complaint claims that SCE failed to disclose the true risks associated with its PSPS program, which involves proactively de-energizing power lines during extreme weather events. This lack of transparency allegedly led to heightened fire risks in California and increased legal exposure for the company.
Recent fires in Eaton Canyon, including a January 7 blaze that was followed by another on January 12, have further fueled the allegations. The companies’ stock prices plummeted following reports of these incidents, with shares falling almost 12% after an article in The Wall Street Journal raised questions about Edison’s equipment involvement.
Shareholders who purchased EIX securities between February 25, 2021, and February 6, 2025, may be eligible to participate in the class action. Robbins LLP is handling the case and is seeking lead plaintiffs to represent other affected investors.
No fees or expenses are required for participation, and all representation is on a contingency fee basis. For more information, contact attorney Aaron Dumas Jr. at (800) 350-6003 or visit Robbins LLP’s website at www.robbinsllp.com.
Source: https://www.globenewswire.com/news-release/2025/02/14/3026373/0/en/Investor-Alert-Robbins-LLP-Informs-Stockholders-of-the-Edison-International-Class-Action.html