Investors in EIX Have Chance to Take Lead in Securities Fraud Lawsuit Against Edison International
NEW YORK, Feb. 15, 2021 /PRNewswire/ — The Rosen Law Firm, a global investor rights law firm, announces the filing of a securities class action lawsuit on behalf of purchasers of the securities of Edison International (NYSE: EIX) between February 23, 2016 and November 12, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Edison International investors under the federal securities laws.
If you purchased Edison International securities between February 23, 2016 and November 12, 2020 and would like to join the action, please click here or contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company failed to maintain safety specifications for its design of the configurations of circuits for its SCE transmission and distribution network; (2) as a result, SCE was in violation of state law and regulations; (3) the Company was potentially facing billions of dollars in liability for wildfires allegedly caused by its equipment; (4) the Company’s liability for the Woolsey Fire and Thomas Fire was estimated to be at least $4.3 billion; (5) the Company failed to maintain effective internal controls; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed
