Archived Investigations

Hawaiian Electric Industries, Inc. (NYSE: HE)

Company Name:Hawaiian Electric Industries, Inc.
Stock Symbol:NYSE: HE
Court:Northern District of California
Class Period Start:02/28/2019
Class Period End (inclusive):08/16/2023
Filing Deadline:The deadline has passed.
August 27, 2023

Hawaiian Electric and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’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.

The case is Bhangal v. Hawaiian Electric Industries, Inc., et al., No. 23-cv-04332.

Click here to read the first filed complaint.