Securities
Oct. 17, 2024
Federal court dismisses Hawaiian Electric securities lawsuit over Maui wildfires
Investor plaintiffs had claimed that the company and its executives provided misleading information to investors regarding the company's wildfire risk mitigation strategies.
A federal judge in San Francisco dismissed a putative securities class action against Hawaiian Electric Industries Inc. and several of its current and former executives over last year's wildfire that devastated the town of Lahaina on Maui.
The plaintiffs claimed that the company and its executives provided misleading information to investors regarding the company's wildfire risk mitigation strategies.
U.S. District Judge Jacqueline S. Corley determined that the ut...
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