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Edison 401(k) Savings Plan

 

Restorative Payments have been made as a result of a class action involving the Plan, Tibble, et al. v. Edison International, et al., No. 2:07-cv-05359-SVW-AGR (the "Action"), in the United States District Court for the Central District of California (the "Court"). In the class action, after various appellate rulings and two trials, some claims were resolved in Edison's favor, while others were resolved in favor of the class. On October 25, 2018, the Court entered judgment for the class in the Action in the amount of $13,161,491, and ordered that the judgment amount be allocated and distributed to Plan participants or beneficiaries who invested in the following funds for the time period when such funds were not in the least expensive share class, as specified below and in the Court's order of October 25, 2018 (the "Affected Funds"):

 

  • PIMCO CCM Capital Appreciation Fund (later named the Allianz CCM Capital Appreciation Fund and the Managers Cadence Capital Appreciation Fund) - August 16, 2001 to January 31, 2011;
  • American Century International Growth Fund - August 16, 2001 to September 30, 2005;
  • American Funds American Balanced Fund - May 15, 2002 to January 31, 2011;
  • American Funds Europacific Growth Fund - May 15, 2002 to January 31, 2011;
  • American Funds—Washington Mutual Investors - May 15, 2002 to January 31, 2011;
  • Dreyfus Founders Growth Fund - January 1, 2002 to June 30, 2002;
  • Kemper-Dreman High Return Equity Fund (later named the Scudder-Dreman High Return Equity Fund and DWS Dreman High Return Equity Fund and the DWS Strategic Value Fund) - August 16, 2001 to October 15, 2009;
  • Franklin Small Cap Growth Fund (later named the Franklin Small-Mid Cap Growth Fund) - August 16, 2001 to September 28, 2007;
  • Berger Small Cap Value Fund (later named the Janus Small Cap Value Fund, Investor shares) - August 16, 2001 to September 28, 2007;
  • Morgan Stanley Dean Witter Institutional Equity Growth Fund, B shares (later named the Morgan Stanley Institutional Equity Growth Fund) - August 16, 2001 to October 1, 2003;
  • MAS Value Fund, Advisor shares (later named the Morgan Stanley Institutional Value Fund, Advisor shares) - August 16, 2001 to October 1, 2003;
  • PIMCO Long-Term U.S. Government Fund - August 16, 2001 to January 31, 2011;
  • PIMCO Low Duration Fund - August 16, 2001 to January 31, 2011;
  • PIMCO Total Return Fund - August 16, 2001 to January 31, 2011;
  • Putnam International Growth Fund (later named the Putnam International Equity Fund) – August 16, 2001 to December 18, 2003;
  • Putnam Voyager Fund - August 16, 2001 to September 15, 2004; and
  • Templeton Developing Markets Fund - August 16, 2001 to September 15, 2004.

 

A set of Frequently Asked Questions regarding the Action can be found below.