Plaintiffs allege certain defendants violated Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b‑5 by mischaracterizing Hawaiian Electric’s wildfire‑mitigation efforts—including replacing uninsulated lines, utility pole upkeep, and vegetation trimming—thereby concealing risk that materialized in the August 8, 2023 Lahaina Wildfire. The Amended Complaint covers purchasers of HEI securities from Feb 28, 2019 through Sep 4, 2023. Plaintiffs view a $47,750,000 settlement (less deductions) as fair given the expense, delay, and uncertainty of continued litigation. Defendants deny liability or wrongdoing and say the settlement is not an admission of fault.