On February 7, 2019, Pomerantz LLP was appointed Lead Counsel in a class action lawsuit filed against Edison International and certain of its officers. The investigation concerns whether Edison International and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 8, 2018, a wildfire started in the town of Pulga, California, and subsequently incinerated the nearby town of Paradise, killing at least 42 people. On November 12, 2018, the California Public Utilities Commission ("CPUC") launched an investigation into Edison's subsidiary Southern California Edison Company in order to "assess the compliance of electrical facilities with applicable rules and regulations in fire-impacted areas." Following CPUC's announcement, Edison's stock price fell sharply, damaging investors.