Jacqueline Scott Corley testifies before the Senate Judiciary Committee during her confirmation hearing to be U.S. District Judge for the Northern District of California, in 2021. Photo: Diego M. Radzinschi/ALM Securities Case Over Hawaiian Electric Company's Wildfire Readiness Dismissed
The decision is a win for Skadden in its representation of the Hawaii utility that was faced with a securities derivative claim stemming its communications about a wildfire in Maui.
October 16, 2024 at 03:46 PM
2 minute read
Securities Litigation
A federal judge in California has dismissed a securities class action claim against Hawaiian Electric Industries Inc. and its subsidiaries, concluding a shareholder plaintiff hadn't shown the utility provider knowingly misrepresented its preparedness for last year's wildfire in Lahaina, Hawaii.
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