NEW YORK, July 7, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Edison International ("Edison" or the "Company") (NYSE: EIX), concerning whether the board has breached its fiduciary duties to shareholders.
Edison is a utility company supplying and generating electricity, primarily through its largest subsidiary, Southern California Edison ("SCE"). SCE is regulated by the California Public Utilities Commission (the "Commission").
In October 2012, the Commission commenced an investigation into the closure of two reactor units at a large Southern California nuclear power plant owned by SCE. In order to resolve the Commission's investigation, Edison entered a settlement agreement for $3.3 billion providing that it would refund customers for excess charges incurred to support the two closed reactor units.
A securities class action has been filed against Edison in the U.S. District Court for the Southern District of California, Case No. 15-cv-01478. According to the complaint, Edison made false and misleading statements regarding the Company's business, operational and compliance policies.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Edison shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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