Hawaiian Electric Company, A Subsidiary Of Hawaiian Electric Industries Issued An Update In Response To The Lawsuit Filed On Thursday By The County Of Maui
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Company, a subsidiary of Hawaiian Electric Industries (HE), has issued an update in response to a lawsuit filed by the County of Maui. The details of the update and the lawsuit were not provided.
August 28, 2023 | 8:11 am
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Hawaiian Electric Industries (HE) is directly involved in a lawsuit through its subsidiary, Hawaiian Electric Company. The company has issued an update regarding the lawsuit, but the details remain undisclosed.
Lawsuits generally have a negative impact on a company's reputation and can lead to financial losses due to legal fees and potential settlements or fines. The lack of details about the lawsuit and the company's response adds uncertainty, which can negatively affect the stock price in the short term.
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