Hawaiian Electric Industries, Inc. (HE) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / August 21, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or "the Company") (NYSE:HE). Investors who purchased Hawaiian Electric securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/he.

The investigation concerns whether Hawaiian Electric has violated federal securities laws.

Investigation Details:

On August 14, 2023, news outlets began reporting that Hawaiian Electric did not have a plan to shut off power in advance of dangerous winds that contributed to the recent wildfires in Maui. Specifically, it was revealed that the Company, which oversees Maui Electric and provides service to 95% of Hawaiian residents, did not deploy a public power shutoff plan, which involves intentionally cutting off electricity to areas where strong wind events could spark fires. On this news, Hawaiian Electric's stock price fell $10.94 per share, or 33.76%, to close at $21.46 per share on August 14, 2023. Then, on August 16, 2023, the Wall Street Journal reported that Hawaiian Electric is speaking with firms that specialize in restructuring advisory work, exploring options for the financial and legal challenges arising from the Maui wildfires. On this news, Hawaiian Electric's stock price fell $2.54 per share, or 17.43%, to close at $12.03 per share on August 17, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchasedHawaiian Electric securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/he. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC

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