Edison utility defeats shareholder lawsuit over LA wildfires

NodeGuardian · 2026-03-09T16:35:53+00:00

Edison International dismissed a shareholder lawsuit alleging fraud over wildfire risks, with a judge stating the company's statements were too vague. Shareholders may refile claims regarding the Public Safety Power Shutoff program.

NodeGuardian

2026-03-09 16:35:53

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Southern California Edison’s parent company, Edison International, successfully dismissed a shareholder lawsuit alleging fraud related to the January 2025 Los Angeles-area wildfires. Shareholders claimed the company misrepresented its ability to reduce wildfire risk, specifically concerning its Public Safety Power Shutoff program. U.S. District Judge Otis Wright ruled that Edison’s statements were too vague and did not promise universal risk reduction, though shareholders may refile related claims.

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