Examining A Post-Wildfire Securities Suit

By Kevin LaCroix ( November 27, 2018, 1:03 PM EST) -- The recent massive wildfires in California have caused the loss of dozens of lives, and many more people are missing. Thousands have been displaced and many millions more have been affected. The property damage has been devastating. The Camp Fire in Northern California alone has destroyed tens of thousands of homes and businesses. Even as the fires raged, questions surrounding the fires' causes were raised. Media stories have circulated raising the possibility that the electric utilities may be to blame for starting the fires. There undoubtedly will be substantial inquiries and perhaps even liability proceedings. Now it appears that the accountability process may not only include efforts by property owners, survivors and loved ones looking to recoup their losses, it may also include securities lawsuits by utility company investors who claim they were misled about the company's fire safety readiness and potential liability exposure....

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