Collection

Barnes v. Edison International

Barnes v. Edison International ↗

2:18-cv-09690United States Central District of California (C.D. Cal.), United States Federal Courts4 entries

Filing Date

Type

Action Taken

Document

Summary

04/27/2021

Decision

Amended order issued dismissing Counts IV and V without prejudice and Counts I, II, and III with prejudice.

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04/05/2021

Decision

Counts I, IV, and V dismissed without prejudice and Counts II and III dismissed with prejudice.

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06/28/2019

Decision

Memorandum of points and authorities filed in support of underwriter defendants' motion to dismiss consolidated amended class action complaint.

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11/16/2018

Complaint

Complaint filed.

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A federal securities class action was filed in the federal district court for the Central District of California on behalf of parties that acquired stock in Southern California Edison Company (SCE) and its parent holding company in the approximately two and a half years leading up to the outbreak of two wildfires in Southern California in November 2018 and the California Public Utilities Commission’s subsequent launch of an investigation into SCE’s compliance with applicable rules and regulations in fire-impacted areas. The complaint alleged that the companies made false and misleading statements about their maintenance of the electric grid and wildfire risks. The complaint included an excerpt from a public statement by the companies alluding to increased risk of wildfires due to factors including climate change and the associated financial risks to SCE.