|Company name||Hecla Mining Company|
|Class period||March 19, 2018 – May 8, 2019|
|Court||Southern District of New York|
NEW YORK, July 22, 2019 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Hecla Mining Company (NYSE: HL) securities between March 19, 2018 and May 8, 2019 (the “Class Period”). Investors have until July 23, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that throughout the Class Period, defendants falsely and misleadingly represented that the Nevada operations would be “accretive” and cash flow positive, or at the very least “self-funding.” Specifically, the complaint alleges that defendants were aware from their extensive due diligence that the Nevada operations had material problems in terms of excessive water, equipment availability, achieving enough development to have consistent production, and lack of characterization of ore types, among other things.
If you purchased Hecla securities pursuant to and/or traceable to the IPO and suffered a loss, have information, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.