Edison Shares Fall More Than 3% After Muddy Waters Allegation
Edison International shares fell more than 3% Tuesday after Muddy Waters said it found information suggesting the utility showed willful disregard in the Eaton Fire case. The firm said Edison could face at least $4 billion in fire-related damages.
Edison International (NYSE:EIX) shares fell more than 3% on Tuesday after short seller Muddy Waters said it had found new information indicating the utility acted with “conscious” or “willful” disregard in the Eaton Fire. Muddy Waters said Edison could face at least $4 billion in fire-related da…