Recent Security Class Actions

Hawaiian Electric Industries Inc. Common Stock (NYSE: HE)

Company Name:Hawaiian Electric Industries Inc. Common Stock
Stock Symbol:NYSE: HE
Class Period Start:02/28/2019
Class Period End (inclusive):08/16/2023
Filing Deadline:10/23/2023

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Hawaiian Electric's wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed; (ii) accordingly, despite knowing the degree of risk that wildfires posed to Maui, the Company's inadequate safety protocols and procedures placed Maui at a heightened risk of devastating wildfires; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.