An all-encompassing settlement of litigation over the Aug. 8 Maui wildfires remained tentative this morning but is being complicated by the proposed distribution of settlement proceeds.

Gov. Josh Green said in a statement this morning that some mainland parties to pending lawsuits against the state, Maui County, Hawaiian Electric, several landowners and other defendants are asking for too much of the settlement, and that he is insisting more go to families affected by the fire that destroyed most of Lahaina.

“The settlement hasn’t been finalized yet, but we are working on it 24/7 to reach a positive resolution in the very near future,” Green said.

“There are some parties on the mainland that are simply asking for too much of the settlement, resources that I insist must go to families who were devastated by the fire,” Green continued. “I will personally call them out by name next week if they hurt Hawaii’s people or further delay this agreement.”

Bloomberg News reported on Thursday that the defendants in more than 450 lawsuits have tentatively agreed to pay more than $4 billion to resolve the litigation pending in state Circuit Court on Maui.

The Bloomberg report, which cited unnamed people familiar with the tentative settlement, said the deal was reached earlier this month through court-ordered mediation sessions, and that Hawaiian Electric’s share is about $1.5 billion.

Other defendants in the case include Kamehameha Schools, West Maui Land Co., Spectrum Oceanic LLC and Hawaiian Telcom. In some cases, defendants have filed cross-claims against each other, which also would be resolved by the tentative settlement possibly along with qualified claims filed later.

Bloomberg also reported that settlement proceeds, if the pending deal is finalized, would be paid out over four years.

The report sent HEI shares soaring on Wall Street, rising $4.76, or 37%, to close at $12.75 a share today.