Investors Have Opportunity to Lead Securities Fraud Lawsuit Against Hawaiian Electric Industries, Inc.

The Law Offices of Howard G. Smith has announced that investors who have suffered substantial losses have the opportunity to lead a securities fraud class action lawsuit against Hawaiian Electric Industries, Inc. The class period for the lawsuit is from February 28, 2019, to August 16, 2023, with a lead plaintiff deadline of October 23, 2023.

Investors who have experienced losses on their Hawaiian Electric investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action. The law firm can be reached at 888-638-4847 or via email at howardsmith@howardsmithlaw.com.

The complaint filed alleges that throughout the class period, Hawaiian Electric failed to disclose to investors that its wildfire prevention and safety protocols were inadequate to meet the challenges they were designed for. As a result, Maui was placed at a heightened risk of devastating wildfires, despite the company’s knowledge of the degree of risk.

The lawsuit claims that the defendants’ positive statements about Hawaiian Electric’s business, operations, and prospects were materially misleading and lacked a reasonable basis at all relevant times.

Investors who wish to learn more about this class action or have any questions concerning their rights or interests in the pending lawsuit are advised to contact Howard G. Smith, Esquire, of the Law Offices of Howard G. Smith.

Please note that this press release may be considered Attorney Advertising in some jurisdictions under applicable law and ethical rules.

For more information, please visit the Law Offices of Howard G. Smith’s website at www.howardsmithlaw.com.