Edison Sued by Investor Over Stock Hit from LA Fire Accusation

Edison International Inc. misled investors about implementing the power company’s wildfire-mitigation measures in the lead up to the Eaton fire that devastated the area north of Los Angeles, a proposed class action filed Tuesday says.

The complaint, filed by investor Felipe Antillon in the US District Court for the Central District of California, appears to be the first shareholder suit filed over the Eaton fire against Edison. The electric utility company is the parent of Southern California Edison Company, which is still under state and local investigation for a potential connection between its power lines and a pair of ...