According to the law firm press release, Edison International, through its subsidiaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, agricultural, industrial, and public authorities through transmission and distribution networks.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Edison’s ex parte contacts with CPUC decision makers were more extensive than the Company had reported to CPUC; (ii) that belated disclosure of Edison’s ex parte contacts with CPUC personnel would jeopardize the Company’s $3.3 billion dollar SONGS Settlement; and (iii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.

On November 2, 2015, the Court issued an Order appointing Lead Plaintiff and approving Lead Counsel. Lead Plaintiff filed an amended Complaint on December 14.

A second amended Complaint was filed on October 5, 2016. On May 5, 2017, the Court issued an Order granting Defendants' Motion to Dismiss without prejudice. An amended Complaint was filed on May 26.

On June 9, 2017, Defendants filed a Motion to Dismiss the amended Complaint. On March 16, 2018, the Court issued an Order granting the Motion and dismissed the third amended Complaint with prejudice. Plaintiffs filed a Notice appealing this decision on April 16. On December 23, 2019, the Court of Appeals issued a mandate affirming the District Court's decision.