1. Investigation announced for EIX regarding fiduciary duty breaches by directors. 2. Purcell & Lefkowitz LLP represents shareholders in this case. 3. Shareholders can contact for information about their rights and options.
Ongoing investigations often dampen investor confidence, potentially leading to stock price declines. Historical examples include investigations leading to significant drops in stock prices for similar firms.
Shareholder investigations typically affect stock performance and investor trust significantly. The focus on fiduciary duty introduces scrutiny that could result in actions affecting EIX's governance.
The immediate concern from the investigation would likely affect investor sentiment and stock price quickly. Previous cases have shown sharp declines within weeks depending on investigation developments.