Overview

A class action lawsuit has been filed against Edison International (“Edison” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s securities trade on the New York Stock Exchange under the symbol “EIX.”

The Edison class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Edison publicly traded securities from February 25, 2021, through February 6, 2025, both dates inclusive (the “Class Period”).

Edison International is the parent holding company of Southern California Edison Company (“SCE”) and Edison Energy Group, Inc. (“Edison Energy Group”).  SCE is an investor-owned public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000-square-mile area of Southern California.  Edison Energy Group is a holding company for Edison Energy, LLC, which is engaged in the competitive business of providing energy services to commercial and industrial customers.

During the Class Period, Edison claimed that its subsidiary, SCE, proactively de-energized power lines through its Public Safety Power Shutoffs (“PSPS”) program to reduce wildfire risks during extreme weather conditions.  However, this assertion came under scrutiny following the Eaton Canyon Fire, which ignited on January 7, 2025, near Altadena in Los Angeles County.  The fire started within half a mile of the intersection of North Altadena Drive and Midwick Drive in Pasadena; an area serviced by Edison’s electrical transmission system.

Initially, Edison stated in a January 8, 2025, press release that SCE had de-energized power lines west of Eaton Canyon well before the fire started as part of its PSPS program.  However, just days later, on January 12, 2025, Edison admitted that there were no interruptions or anomalies in the 12 hours leading up to the fire and for more than an hour after it began.  The following day, on January 13, 2025, a lawsuit was filed in the Los Angeles County Superior Court, alleging that Edison’s power lines caused the fire.  The complaint included eyewitness accounts and photographic evidence purportedly showing that Edison’s electrical equipment ignited the blaze.  This revelation led to an 11.89% drop in Edison’s share price, falling by $7.73 on the same day.

Further concerns emerged on February 6, 2025, when The Wall Street Journal reported that SCE had submitted two letters to the California Public Utilities Commission (CPUC) acknowledging that its equipment may have been involved in the Hurst Fire as well.  Following this disclosure, Edison’s stock price dropped an additional 2.4%, or $1.28.  These events raised serious questions about Edison’s risk mitigation practices and the accuracy of its public statements regarding fire prevention measures.

As a result of these misleading statements and omissions, Plaintiff and other Class members suffered significant financial damages.  Edison’s failure to properly disclose the risks associated with its electrical infrastructure and the inadequacies of its fire prevention strategies misled investors, ultimately leading to substantial stock value losses when the truth emerged.

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If you purchased or otherwise acquired Edison publicly traded securities from February 25, 2021, through February 6, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Edison class action lawsuit is April 21, 2025.