Maui County Sues Hawaiian Electric Over Deadly Wildfires
Maui County on Thursday filed a lawsuit against Hawaiian Electric, seeking damages for the devastating wildfires that have tragically taken more than a hundred lives and led to billions of dollars in estimated property losses.
In response to the news, Hawaiian Electric’s stock plummeted by 6% during afterhours trading. The electric utility announced that it will suspend its quarterly dividend in order to strengthen its financial position following the wildfires.
Please note that this is a developing story. We will provide updates as they become available.