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HEI settling wildfire-related litigation with shareholders
Summary by The Garden Island
1 Articles
1 Articles
HEI settling wildfire-related litigation with shareholders
The parent of Hawaiian Electric expects to use $100 million in insurance proceeds to settle eight lawsuits filed by shareholders who allege company leaders didn’t properly disclose wildfire risks before the 2023 Maui wildfire disaster. One of the tentative settlement arrangements calls for Hawaiian Electric Industries Inc. to pay $47.8 million to settle one class-action shareholder case filed in federal court in California about two weeks after …
·Hawaii, United States
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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