Wow, this stock went down on a press release not by the company that was "revealing" month old news. A summary motion was denied. In any event, that isn't really news anyway. http://biz.yahoo.com/pz/041018/65765.html
With ridiculous lawsuits like this it is no wonder that the unemployment numbers for California have been horrible for 3 months in a row. They squeeze and squeeze the California utilities with endless nonsense and they they wonder why nobody wants to do business here. Hopefully Arnold will put an end to this nonsense.
if it was, this 4 yr old lkawsuit would have been thrownout, instead it is going to see a jury. It sounds like SRE has been successful in keeping it from progressing for sometime but if there is any truth to the claims of the mtg of the 11 execs, SRE is dust.