Reports of a Wildfire Settlement Deal Have Hawaiian Electric Stock Flying
Hawaiian Holdings(HA) Investopedia·2024-07-19 22:41
Key TakeawaysHawaiian Electric has tentatively agreed to settle hundreds of lawsuits related to its alleged negligence over the Maui wildfires, according to a Bloomberg report. Its stock jumped on the news. The company would be on the hook for at least 5.5 billion worth of damages and killed 100 last year. Hawaiian Electric Industries (HE) and others have reached a tentative deal to pay more than $4 billion to settle law ...