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Stock impact report

SoCal Edison sues Los Angeles County, others over Eaton Fire [CBS News]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Company Research Source: CBS News
SoCal Edison and its parent company Edison International face many lawsuits from victims Los Angeles County and the U.S. Department of Justice , alleging that the utility's equipment ignited one of the worst wildfires in California history. In its cross-complaint, Edison alleges that most of the deaths, damages and injuries could have been "avoided or significantly reduced" if the agencies "acted reasonably and with due care." "These legal actions are a standard legal process that allows the court to fully examine all potential contributing factors and responsible parties. Southern California Edison remains committed to the communities impacted by the January fires and to supporting their recovery," spokesperson Kathleen Dunleavy said in a statement. While the exact cause of the Eaton Fire remains under investigation, Edison's lawyers point to several factors that exacerbated the destruction. "Upon information and belief, several actions and/or failures of the Cross-Defendant Show less Read more
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