EIX INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Edison International Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--Feb 17, 2025--
Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Edison International (NYSE: EIX) publicly traded securities between February 25, 2021 and February 6, 2025, both dates inclusive (the 'Class Period'), have until April 14, 2025 to seek appointment as lead plaintiff of the Edison International class action lawsuit. Captioned Antillon v. Edison International, No. 25-cv-01154 (C.D. Cal.), the Edison International class action lawsuit charges Edison International as well as certain of Edison International's top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Edison International class action lawsuit, please provide your information here:
CASE ALLEGATIONS: Edison International, through its subsidiaries, engages in the generation and distribution of electric power. Edison International is the parent holding company of Southern California Edison Company ('SCE').
The Edison International class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Edison International's claim that SCE used its Public Safety Power Shutoffs program to 'proactively de-energize power lines to mitigate the risk of catastrophic wildfires during extreme weather events' was false; and (ii) this resulted in heightened fire risk in California and heightened legal exposure to Edison International.
The Edison International class action lawsuit further alleges that on January 9, 2025, Pasadena Now published an article titled 'The Moment the Eaton Fire Ignited,' reporting from eyewitnesses that the Eaton Canyon Fire originated near electrical towers, although the article did not name Edison International or SCE as the entities responsible for operating said towers. On this news, the price of Edison International stock fell more than 6%, according to the complaint.
Then, on January 13, 2025, according to the Edison International class action lawsuit, a lawsuit was filed in the Superior Court of the State of California for the County of Los Angeles alleging that the Eaton Canyon Fire originated from Edison International's power lines and included eye-witness accounts and photographs that showed the fire was started by Edison International's electrical equipment. On this news, the price of Edison International stock fell nearly 12%, according to the complaint.
Thereafter, on February 6, 2025, The Wall Street Journal published an article titled 'Edison Unit Says Its Equipment May Have Been Involved in SoCal Fires,' which reported that, on that day, SCE 'submitted two letters to the California Public Utilities Commission with updates on its analysis of the Eaton and Hurst wildfires, saying it believes its equipment may be associated with the start of the Hurst fire,' according to the complaint. The Edison International class action lawsuit alleges that on this news, the price of Edison International stock fell further.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Edison International publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Edison International class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Edison International class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Edison International class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Edison International class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
SOURCE: Robbins Geller Rudman & Dowd LLP
Copyright Business Wire 2025.
PUB: 02/17/2025 06:16 AM/DISC: 02/17/2025 06:17 AM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
2 hours ago
- Business Wire
KBRA Releases Research – Potential OBBBA Implications for Litigation Finance ABS
NEW YORK--(BUSINESS WIRE)--KBRA releases research examining the potential implications for litigation finance ABS stemming from proposed measures under the Tackling Predatory Litigation Funding Act (TPLFA), which is currently included in the U.S. Senate's One Big Beautiful Bill Act (OBBBA). Litigation finance has a long history and, in recent years, has established itself as a niche segment in the asset-backed securities (ABS) market. However, the TPLFA could significantly alter the economics of this evolving structured finance asset class, as it proposes substantial new taxes on profits from third-party litigation funding. Litigation finance ABS transactions, which are typically backed by nonrecourse advances to plaintiffs in personal injury and other civil cases, could face meaningful structural and liquidity challenges if the legislation is enacted. Click here to view the report. Related Publication Litigation Finance ABS: Not Settling for Less About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions. Doc ID: 1010181
Business Wire
2 hours ago
- Business Wire
Informa TechTarget to Announce 2025 First Quarter Financial Results on July 1, 2025
NEWTON, Mass.--(BUSINESS WIRE)--TechTarget, Inc. (Nasdaq: TTGT) ('Informa TechTarget' or the 'Company'), a leading growth accelerator for the B2B Technology sector, today announced that it plans to release its Q1 2025 financial results for the three months ended March 31, 2025 after the market closes on Tuesday, July 1, 2025. The Company's Chief Executive Officer, Gary Nugent, and Chief Financial Officer, Dan Noreck, will host a live conference call and webcast at 5:00 p.m. Eastern Time on that day to discuss the Company's financial results and outlook. The Q1 2025 financial results will be available prior to the conference call and webcast on the investor relations section of the Company's website at Conference Call Dial-In Information: United States (Toll Free): 1-833-470-1428 United States: 1-404-975-4839 United Kingdom (Toll Free): +44 808 189 6484 United Kingdom: +44 20 8068 2558 Global Dial-in Numbers Access code: 557186 Please access the call at least 10 minutes prior to the time the conference is set to begin. Please ask to be joined into the Informa TechTarget call. Conference Call Webcast Information: This webcast can be accessed via Informa TechTarget's website at Conference Call Replay Information: A replay of the conference call will be available via telephone beginning one (1) hour after the conference call through July 31, 2025 at 11:59 p.m. ET. To hear the replay: United States (Toll Free): 1-866-813-9403 United States: 1-929-458-6194 Access Code: 670569 A web version will also be available for replay during the same period on Informa TechTarget's website at About Informa TechTarget TechTarget, Inc. (Nasdaq: TTGT), which also refers to itself as Informa TechTarget, informs, influences and connects the world's technology buyers and sellers, helping accelerate growth from R&D to ROI. With a vast reach of over 220 highly targeted technology-specific websites and over 50 million permissioned first-party audience members, Informa TechTarget has a unique understanding of and insight into the technology market. Underpinned by those audiences and their data, we offer expert-led, data-driven, and digitally enabled services that have the potential to deliver significant impact and measurable outcomes to our clients: Trusted information that shapes the industry and informs investment Intelligence and advice that guides and influences strategy Advertising that grows reputation and establishes thought leadership Custom content that engages and prompts action Intent and demand generation that more precisely targets and converts Informa TechTarget is headquartered in Boston, MA and has offices in 19 global locations. For more information, visit and follow us on LinkedIn. © 2025 TechTarget, Inc. All rights reserved. All trademarks are the property of their respective owners.
Yahoo
2 hours ago
- Yahoo
MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2025
MIDLAND, TX, June 27, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2025. The Company reported net income of $1,712,368, or $0.81 per diluted share, a 27% increase compared to fiscal 2024. Operating revenues for fiscal 2025 were $7,358,066, an 11% increase when compared to fiscal 2024. This increase was primarily due to an increase in oil and natural gas production volumes and partially offset by a decrease in the average sale prices of oil and natural gas. Natural gas prices have been low due to limited pipeline capacities in the Permian Basin. For the year ended March 31, 2025, the average realized price for oil was $73.54 per barrel and the average realized price for natural gas was $1.70 per thousand cubic feet. The Company participated in the drilling of 35 horizontal wells at a cost of approximately $1,100,000 for the fiscal year ending March 31, 2025, of which 17 are to be completed this fiscal year. Twenty-nine of these wells are in the Delaware Basin located in the western portion of the Permian Basin in Lea and Eddy Counties, New Mexico. The Company also expended approximately $300,000, the balance required to complete 19 horizontal wells which were drilled during fiscal 2024. In addition to the above working interests, there were 120 gross wells (.09 net wells) drilled by other operators on the Company's royalty interests. Approximately 31% of the fiscal 2025 operating revenues were produced from royalties free of operational costs to Mexco. The Company currently expects to participate in the drilling of 27 and completion of 17 horizontal wells at an estimated aggregate cost of approximately $1.2 million for the fiscal year ending March 31, 2026, of which approximately $300,000 has been expended to date. The Company is evaluating other prospects for participation during this fiscal year. The Company's estimated present value of proved reserves at March 31, 2025 was approximately $23 million based on estimated future net revenues discounted at 10% per annum, pricing and other assumptions set forth in 'Item 2 – Properties' of Form 10-K. The Company's estimated proved oil reserves at March 31, 2025 decreased 15% to 675 thousand barrels of oil and natural gas reserves decreased 4% to 4.360 billion cubic feet compared to the prior fiscal year primarily as a result of decreased prices of oil and natural gas in the past fiscal year. For fiscal 2025, oil constituted approximately 51% of the Company's total proved reserves and approximately 86% of the Company's oil and gas sales. The President and Chief Financial Officer of the Company said, 'We have approximately $2.2 million cash on hand, no outstanding indebtedness on our bank line of credit and are actively seeking opportunities.' Throughout the year, the Company acquired various royalty and mineral interests in 840 gross wells (2.31 net wells) primarily in Adams, Broomfield and Weld Counties, Colorado; DeSoto Parish, Louisiana; Eddy County, New Mexico; Karnes, Live Oak, Reagan, Reeves and Upton Counties, Texas; Laramie County, Wyoming; and, multiple counties in Nebraska, North and South Dakota, and Montana, for an aggregate purchase price of approximately $2.0 million. These and other related expenditures were funded from cash on hand. Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation, go to In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Mexco Energy Corporation cautions that statements in this press release which are forward-looking and which provide other than historical information involve risks and uncertainties that may impact the Company's actual results of operations. These risks include, but are not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, exploration risks, uncertainties about estimates of reserves, competition, government regulation, and mechanical and other inherent risks associated with oil and gas production. A discussion of these and other factors, including risks and uncertainties, is set forth in the Company's Form 10-K for the fiscal year ended March 31, 2025. Mexco Energy Corporation disclaims any intention or obligation to revise any forward-looking statements. For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer of Mexco Energy Corporation, (432) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
