Market Chatter: Edison International Sees Palisades Fire Claims Narrowed by US Judge

04:53 AM EDT, 10/15/2026 (MT Newswires) -- Edison International (EIX) won the dismissal of several claims in litigation alleging Southern California Edison contributed to damage from the January 2025 Palisades Fire, with a Los Angeles Superior Court judge allowing negligence and other claims to proceed only for plaintiffs with properties in Malibu, multiple media outlets reported Wednesday. Judge Samantha Jessner dismissed inverse condemnation claims, finding that the utility's poles were in the fire's path rather than the cause of the blaze, and were not inherently dangerous because they lacked protective fire mesh. The court also struck punitive damages allegations, according to a Daily Journal report. The ruling eliminated claims against Edison brought by 4,435 plaintiffs, leaving 1,846 Malibu property owners with claims against the utility, the report said. The remaining claims include negligence, trespass, nuisance, premises liability and violations of the California Public Utilities Code. Edison International did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)