Hawaiian electric stock plunges after Maui wildfire lawsuits

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Hawaiian electric stock plunges after Maui wildfire lawsuits
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The lawsuit went on to state that since the electric company failed to shut off its power during the 'dangerous fire conditions,' they caused deaths, injuries, destruction of properties, and many of Hawaii's historic sites.

Following the wildfires, which are actively burning in parts of Maui, some residents have filed lawsuits against Hawaiian Electric Industries, claiming that they are liable for the damage caused by the fires.

The lawsuit went on to state that since the electric company failed to shut off its power during the"dangerous fire conditions," they caused deaths, injuries, destruction of properties, and many of Hawaii's historic sites. Officials in Maui County have not released a specific cause of the fires, but the National Weather Service previously warned of winds from Hurricane Dora and fire weather conditions.

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