Hawaiian Electric's stock rocketed after the company called the lawsuit filed by Maui County 'factually and legally irresponsible.'
Shares of Hawaiian Electric Industries Inc. skyrocketed after the electric company responded to a lawsuit filed by Maui County over the deadly Lahaina fires, by calling the suit “factually and legally irresponsible.”
Then at about 3 p.m., after the Hawaiian Electric power lines had been “de-energized” for more than six hours, a second fire began in the same area, with the cause of that fire still not determined.On Friday, the stock tumbled 18.6% to $9.66, the lowest since Oct. 17, 1984, after the company said it had suspended its dividend. The stock has plunged 72.8% since Aug. 8, while the S&P 500 index SPX has slipped 2.1% over the same time.
“Unfortunately, the county’s lawsuit may leave us no choice in the legal system but to show its responsibility for what happened that day,” Kimura added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Hawaiian Electric denies tampering with Maui wildfires evidenceThe state's largest utility company, is also facing lawsuits from Lahaina residents as well as one from shareholders.
Consulte Mais informação »
Hawaiian Electric calls Maui county's wildfire lawsuit 'irresponsible' By ReutersHawaiian Electric calls Maui county's wildfire lawsuit 'irresponsible'
Consulte Mais informação »
Maui Officials Confirm Death of Child from Lahaina Fire for First TimeMaui county officials confirmed the death of a child from the Lahaina fire for the first time, about two weeks after local media reported it.
Consulte Mais informação »
Lahaina neighborhood evacuated due to new brush fire on Maui; twister also spottedA brush fire is prompting Maui authorities to evacuate residents from a neighborhood in Lahaina, just a few miles from the site recently ravaged by blazes.
Consulte Mais informação »
Lahaina neighborhood evacuated due to new brush fire on Maui; twister also spottedA brush fire is prompting Maui authorities to evacuate residents from a neighborhood in Lahaina, just a few miles from the site recently ravaged by blazes.
Consulte Mais informação »
New Maui brush fire forces evacuation of Lahaina neighborhoodMaui County officials said the fire had 'stabilized' and was 'not posing an active threat at this time.'
Consulte Mais informação »