Hawaiian Electric Industries ($HE) $47.75M Investor Settlement
Hawaiian Electric Industries has reached a settlement with $HE investors to resolve claims that it did not fully disclose risks related to its electrical equipment and wildfire safety practices.
In 2023, Hawaiian Electric disclosed information about wildfire risk and the condition of its power grid, including its use of overhead power lines and vegetation management practices. After the Lahaina wildfire, reports said the company’s power lines and poles may have contributed to the fire. Following these disclosures, $HE fell sharply, and shareholders filed a lawsuit.
August 7–8, 2023: High winds and dry conditions affected Maui; a wildfire broke out in Lahaina on August 8.
August 2023: Lawsuits alleged that Hawaiian Electric’s power lines and poles contributed to the start and spread of the fire.
August–September 2023: $HE declined sharply, falling by about 49% amid concerns over liability and disclosures.
Late 2023: Investors filed a class action lawsuit against Hawaiian Electric.
January 5, 2026: Hawaiian Electric reached a settlement with investors to resolve the claims.
From 2019 through 2023, Hawaiian Electric Industries said in its wildfire reports that it was working to reduce fire risk through equipment maintenance and safety programs.
The company pointed to actions such as power pole inspections, vegetation clearing, and grid upgrades as part of its efforts to limit wildfire risk across Hawaii.
After later disclosures, it emerged that parts of Hawaiian Electric’s system were not properly maintained and that fire risks were not adequately addressed in areas prone to strong winds and dry conditions.
On August 8, 2023, a wildfire broke out in Lahaina, Maui, during strong winds. Afterward, lawsuits said that Hawaiian Electric’s power lines and poles played a role in starting and spreading the blaze. The wildfire caused widespread damage and loss of life.
After the wildfire and related lawsuits in August and September 2023, Hawaiian Electric’s stock fell sharply.
During that period, $HE dropped by about 49% as investors reacted to the potential financial impact and questions about the company’s fire safety efforts.
Following these events, investors filed a class action lawsuit, claiming that Hawaiian Electric did not fully disclose risks tied to its equipment and safety practices.
Hawaiian Electric Industries has reached a settlement with $HE investors to resolve claims that it did not fully disclose risks related to its electrical equipment and wildfire safety practices.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.
Frequently Asked Questions
All persons and entities other than defendants who purchased or otherwise acquired HEI securities between February 28, 2019 and September 4, 2023, both dates inclusive, and were damaged thereby
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.