Maui County sues Hawaiian Electric Company for damages from disastrous fires

Maui County has filed a lawsuit against Hawaiian Electric Company, alleging negligence and seeking damages for the deadly wildfires that caused an estimated $5.5 billion in damages.

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Relevant topic timeline:

8/23/2023

Hawaii's economic toll from wildfires is up to $6 billion, Moody's estimates

Wildfires in Maui, Hawaii have caused an estimated $4 billion to $6 billion in losses for the local economy, including damage to insured properties and business interruptions, with rebuilding costs predicted to exceed $5.5 billion.

8/25/2023

Maui Alleges Hawaiian Electric Caused Lahaina Wildfire

Maui accuses Hawaiian Electric of causing the Lahaina wildfire.

8/26/2023

Bare and uninsulated power lines were possible cause of Hawaii wildfires

The Maui fires that caused the deadliest US wildfire in over a century were exacerbated by bare, uninsulated power lines and poor-quality power poles that did not meet safety standards, leading to a spate of lawsuits against Hawaiian Electric.

8/28/2023

Hawaiian Electric's stock rockets after update on cause of Lahaina fires

Shares of Hawaiian Electric Industries Inc. surged after the company responded to a lawsuit over the Lahaina fires by calling it "factually and legally irresponsible," stating that the fires appeared to be caused by fallen power lines and that the second fire occurred after the lines had been de-energized for over six hours.

8/30/2023

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Hawaiian Electric Industries, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2023 – (NYSE: HE)

The Gross Law Firm issues a notice to shareholders of Hawaiian Electric Industries, Inc., encouraging them to contact the firm regarding a possible lead plaintiff appointment in a class action lawsuit alleging that the company's inadequate safety protocols and procedures placed Maui at a heightened risk of devastating wildfires, leading to materially false and misleading statements.