Federal Judge Denies Bid For Joint Lead Plaintiffs In Hawaiian Fire Securities Case

( November 20, 2023, 2:00 PM EST) -- SAN FRANCISCO — A federal judge in California denied a stipulation to appoint three joint lead plaintiffs in a putative class complaint alleging that an energy company in Hawaii and certain of its executives made false claims about the company’s level of preparedness for events such as August’s wildfires, saying that the three plaintiffs failed to show how allowing all of them to serve as lead plaintiffs would benefit the class....

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