Hawaiian Electric Faces Suits by Investors, Maui Over Fires (2)

Hawaiian Electric Industries Inc. was hit with lawsuits by investors and Maui County claiming the utility didn’t cut power and take safety measures to contain raging flames that engulfed the city of Lahaina this month.

Hawaiian Electric’s share price has plummeted since the wildfires that broke out two and a half weeks ago, drawing a complaint from investors in San Francisco federal court alleging that the utility’s compromised safety protocols put the island at a heightened risk.

Maui County is seeking compensation for the losses to public infrastructure, fire response costs, environmental damage and destruction of historical or cultural landmarks ...