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Stock impact report

New lawsuit filed against SoCal Edison for L.A.-area wildfires [Seeking Alpha]

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: Seeking Alpha
New lawsuit filed against SoCal Edison for L.A.-area wildfiresSouthern California Edison (NYSE:EIX) isblamed in a lawsuit for three wildfires that destroyed more than 1,000 buildings and killed a firefighter last month in the Los Angeles area.“The fires were not an ‘Act of God’ but were caused by the intentional, negligent and wrongful conduct of SCE and other defendants,” according to the class action complaint filed in state court in Los Angeles.Among the claims in the lawsuit is one under the California law of inverse condemnation that could hold EIX responsible for damages, even if it is not found negligent; PG&E is fighting similar claims in more than 100 suits filed by property owners and others affected by the October fires in northern California.Click to subscribe to real-time analytics on EIXNow read:Edison International From The Perspective Of A Preferred Investor » Show less Read more
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