Investors are encouraged to contact Gilman Law before the April 2, 2012 Deadline to participate in the Hecla Mining Company Securities Fraud Lawsuit.
Leading national securities law firm Gilman Law LLP is investigating claims in the Hecla Mining Company Securities Fraud Lawsuit alleging violations of securities laws by Hecla Mining Company (“Hecla”) and its officers or directors. Specifically, the suit alleges that Hecla and its officers or directors issued materially false and misleading statements to investors, thereby violating the Securities Exchange Act of 1934.
If you purchased or otherwise acquired shares of Hecla’s common stock between October 26, 2010, and January 11, 2012, (the “class period”), you are encouraged to contact Gilman Law before the April 2, 2012 Deadline. Investors may contact Ken Gilman, the managing partner of Gilman Law LLP, at (239) 221-8301 or by clicking the free consultation link below and completing an investor certification form.
Hecla Mining Securities Fraud Lawsuit Details
Hecla mines various precious metals, minerals, gold, silver, lead, and zing, which are sold to smelters, consumers, and precious metals traders. The complaint alleges that Hecla and its Directors failed to disclose operational problems at its Lucky Friday mine. Various safety issues and accidents were reported, including a fatal accident on April 15, 2011. Later, on November 18, 2011, another miner was critically injured, and later died, from an accident was in the mine. The mine closed pending further investigation on December 15, 2011 and the Mine Safety Health Administration was notified.
The Mine Safety and Health Administration (MSHA) fined Hecla over safety concerns in the Lucky Friday mine and concerns over the death of one minor in an April 2011 accident. Please visit our website for more information on the MSHA Helca Mine Safety Inspection.
These various incidents and invesigations have caused the stock price to drop from slightly below $6 on January 10, 2012, to as low as $4.31 per share on January 11, 2012, less than half of its value one year earlier.
About Gilman Law
The securities law attorneys of Gilman Law have over 32 years of experience in securities law and have been involved in all major aspects of securities litigation. Gilman Law focuses on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.