Hawaiian Electric Industries Settlement

Robbins LLP served as co-lead counsel for plaintiffs in this derivative action on behalf of Hawaiian Electric Industries ("HEI").  Plaintiffs alleged that the devastating Maui wildfires in August 2023 were attributable, in part, to the failure of HEI's officers and directors to implement and oversee adequate wildfire prevention and mitigation efforts. Plaintiffs further alleged that, in the years prior, defendants made false and misleading public statements concerning the Company's wildfire mitigation efforts, safety protocols, and maintenance of its equipment. After over two years of litigation, including extensive mediation and settlement negotiations, Robbins LLP helped secure a $100 million recovery for HEI.  The settlement represents the largest payment to a company resulting from a derivative settlement in the history of the State of Hawai'i and the third largest derivative settlement within the Ninth Circuit. 

In re Hawaiian Electric Industries, Inc. Stockholder Derivative Litigation, Lead Case No. 1:24-cv-00164 (D. Hi. May 28, 2026)