Maui wildfire victims secure more than $4B to settle lawsuits

The Maui wildfire victims have reached a $4 billion settlement agreement, court filings show.

Liaison attorneys filed a motion saying the settlement looks to resolve all of the claims from last year’s devastating Maui fire.

Gilbert Keith-Agaran, an attorney who represents fire victims, said the amount reached in the settlement was “woefully short” but the plaintiffs needed to consider the electric company’s limited assets, the AP reported.

More work needs to be done on how to divide up the total amount, but the agreement was the first step in getting victims of the fire compensated, said Jake Lowenthawl, a Maui attorney.

“We’re under no illusions that this is going to make Maui whole,” he told the AP. “We know for a fact that it’s not going to make up for what they lost.”