SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Hawaiian Electric Industries, In...
December 08 2014 - 1:34PM
Business Wire
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, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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