March 03, 2026
Hawaiian Electric Industries Inc. and its investors have received initial approval of their nearly $48 million deal settling a California federal suit blaming it for the downturn in its stock price following a deadly 2023 fire on Maui.
January 05, 2026
Hawaiian Electric Industries Inc. shareholders reached a nearly $48 million settlement with the company and some of its leaders in a suit blaming it for the downturn in its stock price following a deadly 2023 fire on Maui, and asked a California federal judge on Monday to grant the deal preliminary approval.
October 16, 2024
A California judge on Tuesday dismissed a shareholder suit filed against Hawaiian Electric Industries Inc. in the wake of a deadly fire on Maui in 2023, but will allow plaintiffs to amend their claims that the company failed to warn investors about its inadequate risk mitigation program.
May 08, 2024
Hawaiian Electric Industries Inc. has asked a California federal judge to toss an investor suit over a downturn in the company's stock price after a deadly fire broke out on Maui, saying it did not mislead investors about efforts to mitigate fire risk or completely outrule the risk of fire.
December 08, 2023
A California federal judge has selected Pomerantz LLP as lead counsel in a suit against Hawaiian Electric over a downturn in stock price after a deadly fire broke out on Maui, finding the party with the highest amount of money purportedly at stake could represent the class.
November 16, 2023
A California federal judge has shot down a bid by three investors to be named joint lead plaintiffs and for their respective counsel to be named as lead counsel in a suit against Hawaii's largest electric utility company, saying that while the investors have claimed their request is in the best interests of the proposed class, they haven't shown how.
August 24, 2023
An investor in Hawaii's largest electric utility is blaming the company for the massive downturn in its stock price after a deadly fire broke out on the island of Maui early this month, arguing in a lawsuit filed Thursday in California federal court that the utility spent years ignoring warnings that it lacked the safety protocols to address wildfires.