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The stock has lost more than half its value since the Aug. 8 wildfires. Hawaiian Electric said the lawsuit filed against it by the county of Maui was "factually and legally irresponsible," pointing to the county's responsibility in the Hawaii wildfires. The county of Maui last week sued Hawaiian Electric, accusing the utility of acting negligently by failing to shut down its equipment despite warnings that hurricane winds could knock power lines down, sparking wildfires.