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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against Hecla Mining Company (NYSE: HL).
Hecla Mining and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 9, 2019, the Company disclosed that it was undertaking a “comprehensive review” of its Nevada operations that were cash flow negative, including the possibility of taking an impairment charge.
On this news, the price of Hecla Mining’s shares plummeted by 23.5% over two trading days, from a closing price of $2.04 per share on May 8, 2019, to close at $1.56 per share on May 10, 2019.
If you purchased shares of Hecla Mining and would like to discuss your legal rights and how this case might affect your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Batter v. Hecla Mining Company et al, 19cv4883. Click here to read the case complaint.