Feb 11 (Reuters) - The parent company of Southern

California Edison has been sued for allegedly defrauding

shareholders before the recent Los Angeles-area wildfires by

assuring them it could shut down power lines to reduce the risk

of catastrophic damage.

Tuesday's proposed class action against Edison International ( EIX )

appeared to be the first shareholder lawsuit stemming

from the Eaton fire, which broke out on January 7 east of Los

Angeles in Altadena, California during a Santa Ana windstorm.

The fire burned more than 14,000 acres, destroyed more than

9,400 structures and killed 17 people.

Edison had no immediate comment, saying it will review the

complaint.

Shareholders led by Felipe Antillon said Edison made

materially false and misleading statements over nearly four

years before the fire, in assuring that its utility unit used a

power shutoff program to "proactively de-energize power lines"

to reduce wildfire risks during "extreme weather events."

The shareholders said the truth began to emerge amid reports

that Edison had not de-energized nearby power lines, while

lawsuits blamed the company's electrical equipment for starting

the Eaton fire, which has since been contained.

Edison's share price has fallen 34% since the fire broke

out.

The lawsuit seeks unspecified damages for shareholders from

February 25, 2021 through February 6, 2025.

On the latter date, Edison said it received information

suggesting a possible link between its equipment and the Eaton

fire, and that it believed its equipment may be associated with

the ignition of the Hurst fire, which burned 799 acres.

Other defendants include Edison's Chief Executive Pedro

Pizarro and Chief Financial Officer Maria Rigatti. Edison is

based in Rosemead, California.

Shareholders often sue companies for alleged misleading

disclosures or omissions after unexpected events cause stock

prices to fall.

The several Los Angeles-area wildfires last month may prove

the most expensive natural disaster in U.S. history.

The case is Antillon v Edison International Inc, U.S.

District Court, Central District of California, No. 25-01154.