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 (800)
350-6003, DDonahue@robbinsarroyo.com, 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
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP