Robbins Arroyo LLP Is Investigating the Officers and Directors of Edison International (EIX) on Behalf of Shareholders

SAN DIEGO and ROSEMEAD, Calif., June 30, 2015 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Edison International (NYSE: EIX) breached their fiduciary duties to shareholders.  Edison, through its subsidiaries, generates and supplies electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources.  

View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/edison-international

Edison International Investigated for Possible Favoritism   

In November 2014, a settlement approved by the Public Utilities Commission ("PUC") required customers of Edison and San Diego Gas & Electric to pay $3.3 billion of the $4.7 billion total cost of permanently closing the San Onofre nuclear plant.

According to recent reports, evidence has emerged suggesting that the San Onofre settlement was created during a secret meeting in Warsaw, Poland between former PUC President Michael Peevey and an Edison executive.  Notes from this meeting are the subject of state and federal criminal investigations into possible favoritism of utility executives by the regulators that oversee them.  On June 24, 2015, the Utility Reform Network—the San Francisco consumer group that helped broker this deal—stated that it no longer supports the agreement and recommends the settlement be thrown out. 

Edison International Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at [phone], [e-mail], or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. 

Attorney Advertising. Past results do not guarantee a similar outcome.  

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, Ca 92101
[e-mail]
[phone] or Toll Free [phone]
www.robbinsarroyo.com

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SOURCE Robbins Arroyo LLP

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