Hawaiian Electric Says Court Granted Approval of Settlement

Hawaiian Electric said the US District Court for the District of Hawaii grated preliminary approval for the Derivative Settlement Agreement between the company and its shareholders.

• Settlement resolves all suits
• Provides for a complete resolution of the claims asserted in the Derivative Actions in exchange for a payment of $100 million
• Set May 28 as the hearing date for final approval of the settlement

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Andrew Mendez in San Francisco at amendez112@bloomberg.net

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Ilya Banares at ibanares@bloomberg.net

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