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: bsachsmichaels@hfcsq.com
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.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP