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The Climate Litigation Database

Barnes v. Edison International

Geography
🇺🇸 United States / California
Year
2018
Document Type
Litigation
Part of
Barnes v. Edison International

About this case

Filing year
2018
Status
Amended order issued dismissing Counts IV and V without prejudice and Counts I, II, and III with prejudice.
Geography
🇺🇸 United States → California
Docket number
2:18-cv-09690
Court/admin entity
United States → United States Federal Courts → United States Central District of California (C.D. Cal.)
Case category
Adaptation (US) → Actions seeking money damages for losses (US)Securities and Financial Regulation (US)
Principal law
United States → Securities Act of 1933/Securities Exchange Act of 1934
At issue
Securities class action against utility company in Southern California alleging misrepresentations regarding exposure to wildfire risk.
Topics
, ,  

Documents

Filing Date
Document
Type
Topics 
Beta
04/27/2021
Amended order issued dismissing Counts IV and V without prejudice and Counts I, II, and III with prejudice.
Decision
04/05/2021
Counts I, IV, and V dismissed without prejudice and Counts II and III dismissed with prejudice.
Decision
06/28/2019
Memorandum of points and authorities filed in support of underwriter defendants' motion to dismiss consolidated amended class action complaint.
Decision
11/16/2018
Complaint filed.
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.
Complaint

Summary

Securities class action against utility company in Southern California alleging misrepresentations regarding exposure to wildfire risk.

 Topics mentioned most in this case  
Beta

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Group
Topics
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance