Edison International (NYSE: EIX): Schubert Jonckheer & Kolbe LLP Investigating Potential Shareholder Claims Against the Company's Officers and Directors Arising Out of the January 2025 Los Angeles Wildfires

Rhea-AI Summary

Edison International (NYSE: EIX) is facing potential legal challenges as law firm Schubert Jonckheer & Kolbe LLP investigates claims against the company's officers and directors related to the January 2025 Los Angeles wildfires. Evidence suggests that electrical equipment from Southern California Edison (SCE), Edison's subsidiary, may have initiated some fires.

Multiple lawsuits have been filed by individuals and municipalities, with Edison acknowledging the probability of incurring "material losses." Additionally, an investor class action alleges false and misleading statements regarding safety practices. The company's stock price has significantly declined since the January 2025 wildfires began.

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• None.

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• Company faces multiple lawsuits from individuals and municipalities over wildfire damages
• Edison acknowledges probability of incurring material financial losses
• Stock price has significantly declined since January 2025
• Investor class action alleges false statements about safety practices
• Evidence suggests SCE equipment may have caused wildfires

SAN FRANCISCO, June 26, 2025 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Edison International investors that the firm is investigating potential legal claims against Edison's officers and directors arising out of the January 2025 Los Angeles area wildfires. Current shareholders are encouraged to contact the firm.

Beginning in early January 2025, a series of wildfires severely impacted the Los Angeles area, including areas serviced by Southern California Edison (SCE), a wholly owned subsidiary of Edison. Evidence indicates that SCE's electrical equipment may have started some of the wildfires. Multiple lawsuits have been filed against Edison and SCE by individual plaintiffs and municipalities, and Edison has stated that it is "probable" that it will incur "material losses" due to the wildfires. In addition, an investor class action has been filed against Edison in the U.S. District Court for the Central District of California, alleging that the defendants made false and misleading statements to investors regarding Edison's safety practices. Since the wildfires began in January 2025, Edison's stock price has plummeted, inflicting massive losses on shareholders.

We are investigating possible negligence or wrongdoing by Edison's officers and directors in connection with these facts and allegations.

If you own stock in Edison, you may have legal options. To learn more, please contact us today at https://www.classactionlawyers.com/edisoninternational.

About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against officers and directors. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.

Contact
Schubert Jonckheer & Kolbe LLP
Tel: (415) 788-4220

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SOURCE Schubert Jonckheer & Kolbe LLP

FAQ

What legal issues is Edison International (EIX) facing regarding the January 2025 Los Angeles wildfires?

Edison faces multiple lawsuits from individuals and municipalities, plus an investor class action alleging false statements about safety practices. The company's subsidiary SCE's equipment is suspected of starting some wildfires.

How have the January 2025 wildfires affected Edison International's (EIX) stock price?

Edison's stock price has significantly declined since the wildfires began in January 2025, causing substantial losses for shareholders.

What financial impact will the Los Angeles wildfires have on Edison International (EIX)?

Edison has stated it is 'probable' the company will incur 'material losses' due to the wildfires, though specific amounts haven't been disclosed.

What is Schubert Jonckheer & Kolbe LLP investigating regarding Edison International (EIX)?

The law firm is investigating potential legal claims against Edison's officers and directors for possible negligence or wrongdoing related to the January 2025 Los Angeles wildfires.

What role did Southern California Edison play in the January 2025 Los Angeles wildfires?

Evidence indicates that electrical equipment from Southern California Edison (SCE), Edison's wholly owned subsidiary, may have initiated some of the wildfires.