2023 Maui wildfires sparked an investor lawsuit against Hawaiian Electric, now a US judge has approved $47.75m in settlement funds while cutting attorneys’ requested fees by $4.78m after examining billing records
- A US federal judge has approved a $47.75 million settlement in a securities lawsuit against Hawaiian Electric Industries, while significantly reducing the legal fees requested by the investors’ lawyers.
- The October 23 ruling by the US District Court for the Northern District of California, reported by Bloomberg Law and Law360, brings the investor class action closer to resolution nearly three years after the devastating Maui wildfires.
- According to the court’s order in Bhangal v.
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- A US federal judge has approved a $47.75 million settlement in a securities lawsuit against Hawaiian Electric Industries, while significantly reducing the legal fees requested by the investors’ lawyers.
- The October 23 ruling by the US District Court for the Northern District of California, reported by Bloomberg Law and Law360, brings the investor class action closer to resolution nearly three years after the devastating Maui wildfires.
- According to the court’s order in Bhangal v.
Sources: Times of India