Important Information for Edison International Securities Investors: Rosen Law Firm Reminds of Upcoming Deadline in Securities Class Action
Rosen Law Firm, a leading global investor rights law firm, is reminding purchasers of Edison International (NYSE: EIX) securities between February 25, 2021, and February 6, 2025, both dates inclusive (the “Class Period”), of the significant April 21, 2025, lead plaintiff deadline in the securities class action first filed by the Firm. This deadline is approaching quickly, and investors who may have potential claims should contact the firm without delay.
Background on the Edison International Securities Class Action
The complaint alleges that Edison International and certain of its executives made false and/or misleading statements and/or failed to disclose: (1) that Edison International was experiencing significant operational challenges at its Southern California Edison subsidiary, which were negatively impacting its financial results; (2) that the company was experiencing higher-than-anticipated costs related to the decommissioning of its San Onofre Nuclear Generating Station; and (3) that as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Potential Compensation for Edison Securities Investors
If you purchased Edison securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The purpose of the class action is to recover damages for investors who have suffered losses as a result of defendants’ alleged securities law violations. The lead plaintiff is the proposed representative of the class in the lawsuit. The lead plaintiff will be a institutional investor or a large shareholder who holds a significant number of shares and intends to actively participate in managing the litigation.
Upcoming Deadline for Lead Plaintiff Designation
The lead plaintiff motion deadline is April 21, 2025. The lead plaintiff class will be determined based on the size and percentage of their investment in Edison securities during the Class Period. The deadline for investors to seek appointment as lead plaintiff passes one week before the lead plaintiff motion deadline. Investors who wish to serve as lead plaintiff must meet certain legal requirements and must file a motion with the court before the lead plaintiff motion deadline. The court will then evaluate the submissions and select the lead plaintiff. If you wish to serve as lead plaintiff, you must retain counsel and file a notice of intent to serve as lead plaintiff prior to the lead plaintiff motion deadline. You do not need to seek appointment as lead plaintiff to share in any recovery and you may still participate in the class action through your counsel.
Impact on Individual Investors
- If you purchased Edison securities during the Class Period, you may be eligible to recover your losses through the securities class action.
- The lead plaintiff motion deadline is April 21, 2025, and investors who wish to serve as lead plaintiff must file a notice of intent to do so before that date.
- Retaining counsel is necessary to serve as lead plaintiff and to participate in the litigation.
Impact on the World
The securities class action against Edison International is an important step in holding corporations accountable for their actions and providing compensation to affected investors. It also serves as a reminder for companies to disclose material information accurately and transparently to their shareholders.
Conclusion
Rosen Law Firm encourages Edison securities investors who purchased securities during the Class Period to contact the firm before the lead plaintiff deadline to discuss their potential legal rights. The firm represents investors worldwide, and it has a proven track record of successfully pursuing justice for its clients. For more information, please contact Rosen Law Firm by calling (866) 767-3653 or emailing [email protected] For more information about class action cases and securities litigation, please go to www.rosenlegal.com.
This notice is not a solicitation for class action lawsuits. Rosen Law Firm is an active member of the CRINA Class Action Fairness Foundation.
