Reported 1 day ago
Edison International, the parent company of Southern California Edison, experienced a nearly 12% drop in stock today due to an ongoing investigation by California fire authorities into its potential role in the Los Angeles wildfires. The utility is being scrutinized for whether its equipment contributed to the ignition of these fires, with a mass action lawsuit already filed against it. As the death toll from the wildfires rises and economic damages soar, public outrage grows, and the company's stock has fallen approximately 30% over the past week.
Source: YAHOO