Plaintiffs in Maui wildfire case reach $4 billion settlement against Hawaiian Electric and others | CNN Business

CNN  — 

The governor of Hawaii on Friday announced a $4 billion settlement to resolve lawsuits stemming from the wildfires that devastated Maui last year.

Under the settlement, which must still be approved by the court, “the seven defendants will pay $4.037 billion to provide compensation to all those who have brought claims for compensation arising from the Aug. 8, 2023 windstorms and wildfires on Maui, including the approximately 2,200 affected parties who filed lawsuits,” according to a news release from Hawaii Gov. Josh Green’s office.

The defendants include the state of Hawai‘i, County of

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