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Civil Procedure

Oct. 29, 2026

Judge slashes $5 million in fees from Hawaiian Electric securities settlement

A federal judge approved a $48 million settlement arising from the 2023 Maui wildfires but sharply criticized plaintiffs' attorneys for excessive billing and disregarding an order designating a single lead law firm.

A federal judge approved a $48 million securities settlement involving Hawaiian Electric Industries on Tuesday but cut nearly $5 million from plaintiffs' attorneys' requested fees, criticizing their billing practices and disregard of an order appointing a single lead law firm.

U.S. District Judge Jacqueline Scott Corley found that Pomerantz LLP and Levi & Korsinsky LLP effectively operated as co-lead counsel despite her order designating Pomerantz alone. Levi & Kors...

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