1. Edison International faces a class action lawsuit for alleged securities fraud. 2. Claims include misleading statements about wildfire risk management measures. 3. The lawsuit seeks recovery for losses from February 2021 to February 2025. 4. Edison investors may claim compensation without upfront costs or fees. 5. Levi & Korsinsky has a strong track record in securities litigation.
The lawsuit suggests significant legal and financial risks for EIX, likely affecting investor confidence.
The allegations could lead to substantial financial losses, affecting EIX's stock performance.
Although legal cases can have long-term implications, initial market reactions typically show immediate impacts.
/PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Edison International ("Edison" or the "Company") (NYSE: EIX) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Edison investors who were adversely affected by alleged securities fraud between February 25, 2021 and February 6, 2025. Follow the link below to get more information and be contacted by a member of our team:
EIX investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that: (1) Edison's claim that southern California Edison company used its public safety power shutoffs program to "proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events", was false; (2) this resulted in heightened fire risk in California and heightened legal exposure to the Company; and (3) as a result, defendants' statements about Edison's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
If you suffered a loss in Edison during the relevant time frame, you have until April 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP