Hawaiian Electric Leaders Sued Over Safety, Wildfire Risks

The leaders of Hawaiian Electric Co. and its parent, Hawaiian Electric Industries Inc., misleadingly touted its management of safety and climate change risks before the utility’s power lines sparked a catastrophic wildfire in August, an investor alleges.

Executives, former executives, and board members are responsible for the costs of the companies’ embroilment in lawsuits and regulatory investigations and penalties, HEI shareholder Patrick Kallaus says in his derivative suit. He filed the complaint on behalf of Hawaiian Electric and HEI Tuesday in the US District Court for the Northern District of California. The company also spent about $50 million to ...