Maui Land & Pineapple stock faces federal water-billing suit

Published on 11/05/2026 at 04:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Maui Land & Pineapple stock faces a federal suit over water charges at Kapalua. The company rejects the allegations and plans to defend itself.

Water dispute keeps MLP in focus

A federal lawsuit alleges that water charges at the Kapalua resort included repairs and capital projects.
Maui Land & Pineapple rejects the allegations and says it will defend the case.
A proposed sale of West Maui water assets to Maui County remains subject to approval.

MLP, US5773451019, Illustration mit AI erstellt.

A federal lawsuit filed on October 14 accuses Maui Land & Pineapple of fraud and racketeering over water charges at the Kapalua resort in Hawaii, according to Billionaires Africa. The complaint was brought by TY Management, which owns two golf courses at Kapalua.

Allegations center on water charges

TY Management alleges that repairs and capital projects were recorded as routine maintenance so the costs could be passed on through higher water rates. The suit names Maui Land & Pineapple, Chief Executive Officer Race Randle, former vice president Kainoa Casco and Hawaii Water Service, the contractor operating the Honokohau Ditch System.

The complaint estimates that TY Management was overcharged at least USD 447,000 in 2025 and seeks damages, repayment of excess charges and an order halting the billing practices. Maui Land & Pineapple rejects the claims, calling the lawsuit an effort to pressure the company into transferring its water system, and says it will defend itself.

Water assets remain a strategic issue

The dispute adds to a wider contest over West Maui water infrastructure. Maui Land & Pineapple signed a non-binding agreement with Maui County in May covering the potential sale of the Honokohau Ditch System, wells and other water assets. The price has not been set, and the transaction requires County Council approval.

MLP traded at USD 14.58 in after-hours trading on Wednesday, November 4, at 22:00 CET, according to Perplexity Finance.

Maui land and development platform

Maui Land & Pineapple Company owns and develops land and real estate on Maui, with holdings spanning residential, resort, commercial, agricultural and industrial uses. The company also leases commercial and industrial properties and manages water-related assets. Its headquarters are in Lahaina, Hawaii.