Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Headline from KTVZ Bend
By Eva Rothenberg, CNN New York (CNN) — Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were caused by the utility’s energized power lines that were knocked down by …
KTVZ Bend's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Eva Rothenberg, CNN New York (CNN) — Hawaiian Electric’s stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui’s devastating wildfires were caused by the utility’s energized power lines that were knocked down by …
Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.
Hawaiian Electric Industries' shares plunged nearly 40% in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the deadly wildfires that burnt
Hawaiian Electric is under scrutiny for not shutting off the power during a windstorm four days before racing wildfires swept through the Maui town of Lahaina.
The lawsuit went on to state that since the electric company failed to shut off its power during the "dangerous fire conditions," they caused deaths, injuries, destruction of properties, and many of Hawaii's historic sites.
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Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires | Since Then
