HE - HE Stock News: Investors with Significant Losses in Hawaiian Electric Industries Inc. (HE) Should Contact Robbins LLP for Information About Class Action and Lead Plaintiff Deadline | Benzinga

SAN DIEGO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Hawaiian Electric Industries, Inc. (NYSE:HE) securities between February 28, 2019 and August 16, 2023. Hawaiian Electric, together with its subsidiaries, engages in the electric utility, banking, and non-regulated renewable/sustainable infrastructure investment businesses in the state of Hawaii. The Company provides service to 95% of Hawaiian residents.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Hawaiian Electric Industries, Inc. (HE) Failed to Maintain a Public Power Shutoff Plan Resulting in Catastrophic Loss in Maui

According to the complaint, during the class period, defendants failed to disclose that (i) Hawaiian Electric's wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed, and (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.

In early August 2023, a series of severe wildfires broke out in Hawaii, predominantly ...

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