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.

benzinga.com

Relevant topic timeline:

8/24/2023

Maui government files lawsuit, accuses Hawaiian electric company of causing Lahaina wildfires

Maui County has filed a lawsuit against the Hawaiian Electric Company, claiming that the utility company's negligence in keeping power lines energized during high wind conditions caused the devastating wildfires that killed over 100 people and burned thousands of acres of land.

8/25/2023

Maui Alleges Hawaiian Electric Caused Lahaina Wildfire

Maui accuses Hawaiian Electric of causing the Lahaina wildfire.

8/27/2023

Maui's outdated bare electrical wires and leaning poles caused...

The Maui fires were caused by bare and uninsulated power lines left by Hawaiian Electric Co., which failed to cover up or bury their lines like other utilities in wildfire- and hurricane-prone areas, resulting in a spate of lawsuits and criticism of the utility's negligence.