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NEW ORLEANS, Sept. 12, 2023 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 23, 2023 to file lead plaintiff applications in a securities class action lawsuit against Hawaiian Electric Industries, Inc. (NYSE: HE), if they purchased the Company’s securities between February 28, 2019 and August 16, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
Hawaiian Electric investors should visit us at https://claimsfiler.com/cases/nyse-he/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Hawaiian Electric and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed; (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; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
The case is Bhangal v. Hawaiian Electric Industries, Inc., et al., No. 23-cv-04332.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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