---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-26-000012"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T12:07:57.226424+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hawaiian Electric derivative lawsuit settled for $100M from insurers; preliminary court approval granted

## Summary
- Derivative lawsuit settlement provides $100M cash payment from insurers; no admission of liability.
- $47.75M of the settlement funds will be used to fund the pending securities class action settlement.
- Final approval hearing for derivative settlement set for May 28, 2026; securities class action hearing on Aug 13, 2026.
- Settlement resolves three consolidated derivative actions in Hawaii federal, state, and California federal courts.
- Plaintiffs' counsel will seek attorneys' fees of 25% of settlement ($25M) plus expenses up to $475,000.

## SEC filing metadata
- accession: 0000354707-26-000012
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470726000012/0000354707-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470726000012/he-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-26-000012
- JSON: https://secwatch.observer/filing/0000354707-26-000012.json
- Plain text: https://secwatch.observer/filing/0000354707-26-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.