NEW YORK, Dec. 29, 2018 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Edison International (NYSE: EIX) from February 23, 2016 through November 12, 2018, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Edison investors under the federal securities laws.
To join the Edison class action, go to https://www.rosenlegal.com/cases-1455.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Edison failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (2) consequently, Edison was in violation of state law and regulations; (3) Edison's noncompliant electricity networks created a significantly heightened risk of wildfires in California; and (4) as a result, Edison's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 15, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-1455.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or zhalper@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.
BERWYN, Pa., Nov. 30, 2018 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Edison International (NYSE: EIX) ("Edison" or the "Company") securities between February 23, 2016 and November 12, 2018, inclusive (the "Class Period").
Edison shareholders may, no later than January 15, 2019, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Edison and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the class period defendants made materially false and misleading statements regarding the company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the company failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (ii) consequently, the company was in violation of state law and regulations; (iii) the company's noncompliant electricity networks created a significantly heightened risk of wildfires in California; and (iv) as a result, the company's public statements were materially false and misleading at all relevant times.
On November 8, 2018, a wildfire started in the town of Pulga, California, and subsequently incinerated the nearby town of Paradise, killing at least 42 people. On November 12, 2018, the California Public Utilities Commission ("CPUC") launched an investigation into Edison's subsidiary Southern California Edison Company in order to "assess the compliance of electrical facilities with applicable rules and regulations in fire-impacted areas."
If you are a member of the class, you may, no later than January 15, 2019, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.
For more information regarding this, please contact RM LAW, P.C. (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here. For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here.
RM LAW, P.C. is a national shareholder litigation firm. RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: | RM LAW, P.C. |
Richard A. Maniskas, Esquire | |
1055 Westlakes Dr., Ste. 300 | |
Berwyn, PA 19312 | |
484-324-6800 | |
844-291-9299 | |
View original content to download multimedia:http://www.prnewswire.com/news-releases/rm-law-announces-class-action-lawsuit-against-edison-international-300758369.html
SOURCE RM LAW, P.C.
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Edison International ("Edison" or the "Company") (NYSE:EIX).
If you invested in Edison stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/EIX. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
View original content to download multimedia:http://www.prnewswire.com/news-releases/edison-investor-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-exceeding-100-000-investing-in-edison-international-to-contact-the-firm-300753255.html
SOURCE Faruqi & Faruqi, LLP
NEW YORK, Nov. 15, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Edison International ("Edison" or the "Company") (NYSE: EIX). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Edison International and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here to join a class action]
On November 8, 2018, a wildfire started in the town of Pulga, California, and subsequently incinerated the nearby town of Paradise, killing at least 42 people. On November 12, 2018, the California Public Utilities Commission ("CPUC") launched an investigation into Edison's subsidiary Southern California Edison Company in order to "assess the compliance of electrical facilities with applicable rules and regulations in fire-impacted areas." Following CPUC's announcement, Edison's stock price fell sharply, damaging investors.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-edison-international--eix-300751555.html
SOURCE Pomerantz LLP
SAN FRANCISCO, Sept. 13, 2016 /PRNewswire/ -- San Francisco clean-tech leader Advanced Microgrid Solutions ("AMS") was tapped for a second major grid services project in electricity-constrained areas of the Los Angeles Basin. Under five new power purchase agreements announced today, AMS will build 40 Megawatts ("MW") of fast-response energy storage systems at targeted customer locations in Southern California to reduce demand from the grid on key distribution circuits. Utility customers hosting the energy storage systems will benefit from lower energy costs and increased revenues for participating in grid services programs.
The 40 MWs awarded to AMS are part of a 125 MW procurement by Southern California Edison ("SCE") under a Preferred Resources Pilot, which will use storage and other clean energy resources to supply electricity to thousands of businesses and homes in the densely populated cities of Santa Ana, Irvine, Tustin, and other areas of Orange County hit hard by the closure of San Onofre Nuclear Generating Station. AMS was one of only six companies chosen to participate in this groundbreaking effort by SCE to replace traditional power plants with clean energy resources that can provide grid reliability and reduce greenhouse gas emissions.
"SCE is leading the transition to a cleaner, faster, more resilient electric grid," said Susan Kennedy, founder and CEO of AMS. "SCE's aggressive use of advanced technologies for grid management showcases the utility's unrivaled leadership in the clean energy sector."
"Energy storage is a clean-air, clean-energy strategy that should be a top priority for every electric utility," said Mary Nichols, Chair of the California Air Resources Board. "Reducing demand on the grid instead of adding new peaker plants is the fastest way to reduce greenhouse gas emissions while improving reliability for customers."
Under the contracts with SCE, AMS will build, own and manage networks of advanced energy storage systems at SCE's commercial and industrial customer locations to provide fast-response load control on key areas of the grid. At selected host customer sites, AMS will install a combination of advanced energy storage, demand management software and cutting-edge energy efficiency technologies to manage demand on the grid and avoid the need to build more fossil fuel generation to serve the LA Basin. Customers participating in the project by hosting AMS's energy storage systems will see lower energy costs as the batteries reduce the building's demand from the grid during the most expensive "peak" periods when electricity prices are the highest.
AMS is currently contracted to build more than 120 MW of customer-sited energy storage projects for grid support, including a fleet of 24 Hybrid Electric Buildings® for the Irvine Company, 18 water treatment facilities for Southern California water agencies, the California State University System, Shell Energy North America, Morgan Stanley Real Estate Investment Trust and others. AMS is developing landmark energy storage and microgrid projects addressing the water-energy nexus, grid reliability and renewable energy integration that use advanced energy storage to integrate solar, wind, fuel cells and other renewable resources into the electric grid and lower energy costs for customers. The first projects began operating in 2016 with more scheduled to come on line in 2017.
AMS donates a portion of the proceeds from every project to a microlending fund for women, minority and veteran-owned businesses. A portion of the proceeds from the SCE project will be dedicated to microlending in the Orange County area.
About Advanced Microgrid Solutions
Advanced Microgrid Solutions (AMS) is pioneering the use of advanced energy storage systems for electric utility grid support. The company designs, finances, installs and manages advanced energy storage solutions for commercial, industrial and government building owners. AMS's unique fleet management software provides optimized resource management, cost reduction and revenue generation for large scale energy users. To learn more visit http://www.advmicrogrid.com/.
About Southern California Edison
An Edison International company, Southern California Edison is one of the nation's largest electric utilities, serving a population of nearly 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Logo - http://photos.prnewswire.com/prnh/20151012/276098LOGO
SOURCE Advanced Microgrid Solutions
COLUMBUS, Ohio, May 9, 2016 /PRNewswire/ -- Six energy companies Friday officially launched Grid Assurance™, an independent company providing transmission sparing solutions for critical electric transmission equipment.
Michael Deggendorf, senior vice president, Kansas City Power & Light (KCP&L), was named Grid Assurance™ CEO and will oversee the formation and operations of the company. At KCP&L, Deggendorf has led FERC-regulated transmission business efforts, Transource and the development of Grid Assurance™.
Grid Assurance™ was founded by affiliates of American Electric Power (NYSE:AEP), Berkshire Hathaway Energy, Duke Energy (NYSE:DUK), Edison International (NYSE:EIX), Eversource Energy (NYSE:ES) and Great Plains Energy (NYSE:GXP) to enhance grid resiliency and give electric transmission owners faster access to long-lead time critical equipment necessary to recover from catastrophic events that could impact the nation's electric grid.
Several energy companies signed a memorandum of understanding to pursue development of Grid Assurance™ in June 2015. The companies sought and secured regulatory assurances from the Federal Energy Regulatory Commission for the structure and other components of Grid Assurance™ before officially launching the company.
"Grid Assurance™ is an industry-led, proactive response to the numerous potential risks facing our nation's transmission system including severe weather and catastrophic events like earthquakes or physical and cyberattacks," Deggendorf said. "By maintaining a readily available supply of critical equipment necessary to restore power delivery if the transmission system is severely damaged, Grid Assurance™ will help protect consumers and communities from the devastating impacts that delays in restoring electricity can have on quality of life and the nation's economy."
Deggendorf will bring on key management team members in the coming weeks. Marketing to and accepting subscribers will begin immediately, followed by ordering critical transmission sparing equipment based on secured subscriptions. A headquarters location for Grid Assurance™ will be determined in the coming months.
Restoring critical elements of the transmission system can be delayed by extended lead times required to design, build and deliver some replacement equipment including large transformers, circuit breakers and other specialized components of the system. Some transformers can take up to 18 to 24 months to build and deliver.
Grid Assurance™ will provide a readily available inventory of equipment at secure, strategically located warehouses in the United States and also will offer logistics support to facilitate expedited delivery of that equipment to affected sites following a qualifying event. Subscription to inventory and services will be open to all transmission owners. Qualifying events can include physical attacks, cyberattacks, electromagnetic pulses, catastrophic events, solar storms, earthquakes and severe weather events.
"Due to the benefits of inventory pooling, diversification and improved logistics, Grid Assurance™ is a more cost-effective, efficient way for transmission owners to prepare for high-impact, low-frequency events that could severely damage the transmission system, and there has been considerable interest from potential subscribers. It would be significantly more expensive for every transmission owning entity to independently procure and securely house the spare equipment necessary for recovery from rare, but potentially catastrophic events like earthquakes or a coordinated physical or cyberattack," Deggendorf said.
Grid Assurance™ services are intended to complement existing sparing programs at individual energy companies and established industry solutions. Federal agencies and policymakers have identified enhancing transmission system resiliency as a priority and critical to ensuring the viability of the nation's electric system. Grid Assurance™ is working with industry experts and government agencies to ensure that Grid Assurance™ is aligned with the federal government's efforts to secure the transmission grid. Subscription to Grid Assurance™ will serve as a permissible element of compliance with the resiliency requirements of the North American Electric Reliability Corporation.
About Grid Assurance™:
Affiliates of American Electric Power (NYSE:AEP), Berkshire Hathaway Energy, Duke Energy (NYSE:DUK), Edison International (NYSE:EIX), Eversource Energy (NYSE:ES) and Great Plains Energy (NYSE:GXP) are founding member companies of Grid Assurance™ , a limited liability company that offers cost-effective solutions for enhancing transmission system grid resiliency and faster access to critical transmission equipment following a catastrophic event. Additional information is available at GridAssurance.com.
SOURCE American Electric Power
COLUMBUS, Ohio, March 31, 2016 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC) issued a positive order March 25 to Grid Assurance™ that provides regulatory clarity supporting transmission-owning entities participating in and subscribing to Grid Assurance™ as a way to strengthen transmission grid resiliency. Grid Assurance™ had requested determinations on several issues from FERC in December 2015.
Eight electric utilities and energy companies announced Grid Assurance™ on June 10, 2015 as a limited liability company that expects to offer subscribers cost-effective solutions for enhancing transmission grid resiliency and protecting customers from prolonged transmission outages. FERC initially recognized the benefits of Grid Assurance™ in an Aug. 7, 2015 order. The Grid Assurance™ consortium subsequently developed a Subscription Agreement and has received clarity from FERC in a declaratory order that enables broader transmission owner participation.
In the March 25 order, the FERC confirmed:
Grid Assurance™ continues to evaluate the order and will seek additional clarification from FERC, if necessary. Grid Assurance™ expects to begin marketing this service to transmission owners in the second quarter with subscriber acceptance, warehouse specification and inventory identification occurring over the next 18 months. Grid Assurance™ plans to own and maintain critical, long lead-time equipment at secure, strategically located warehouses and offer logistics support to facilitate the expedited movement of equipment to the affected sites following qualifying events. Qualifying events can include physical attacks, cyberattacks, electromagnetic pulses, catastrophic events, solar storms, earthquakes and severe weather events. Grid Assurance™ services are intended to complement transmission owners' existing programs as well as established industry initiatives.
About Grid Assurance™:
Affiliates of American Electric Power (NYSE:AEP), Berkshire Hathaway Energy, Duke Energy (NYSE:DUK), Edison International (NYSE:EIX), Eversource Energy (NYSE:ES), Exelon (NYSE:EXC), Great Plains Energy (NYSE:GXP), and Southern Company (NYSE:SO) are pursuing development of Grid Assurance™, a limited liability company, to offer subscribers cost-effective solutions for enhancing transmission grid resiliency. Recovery of the transmission grid can be hampered by long lead times required to build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. Grid Assurance™ will give subscribers economical access to critical equipment faster than traditionally possible.
Additional information available at www.GridAssurance.com
SOURCE American Electric Power
BroadView Wind Power Facility (subscriber access)
Status: (subscriber access)
Parent Entities:
Pattern Energy Group Inc.
Southern California Edison
California Battery Storage Project (Green Investment Group) (subscriber access)
Parent Entities:
Macquarie Green Investment Group
Southern California Edison
Crimson BESS Project (subscriber access)
Status: (subscriber access)
Parent Entities:
Southern California Edison
Recurrent Energy
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