NEW YORK, Dec. 4, 2014 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of Hawaiian Electric
Industries, Inc. ("Hawaiian Electric" or "the Company")
(NYSE: HE) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to NextEra Energy Inc. (NYSE: NEE).
Click here to learn more about the investigation:
http://www.zlkdocs.com/HE-Info-Request-Form_ma-2420.
Under the terms of the transaction, Hawaiian Electric
shareholders will receive 0.2413 NextEra shares and a one-time cash
dividend payment of $0.50 for each
share of Hawaiian Electric common stock they own. The investigation
concerns whether the Board of Hawaiian Electric breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
NextEra Energy is underpaying for Hawaiian Electric shares.
If you own Hawaiian Electric common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://www.zlkdocs.com/HE-Info-Request-Form_ma-2420.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP