Case Background:
The settlement of this federal securities fraud class action lawsuit is on behalf of investors who purchased or otherwise acquired Hawaiian Electric Industries, Inc. (“Hawaiian Electric”) (NYSE: HE) securities between February 28, 2019 and August 16, 2023, inclusive (the “Class Period”).
Hawaiian Electric agreed to pay $47,750,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On March 3, 2026, the Court granted Preliminary Approval of the Class Action Settlement. There is a Final Settlement Hearing scheduled for August 13, 2026. The settlement website is not yet active or open for claims.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Hawaiian Electric securities between February 28, 2019 and August 16, 2023, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $47,750,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The settlement is not yet open for claims. Please check back soon.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.