NEW YORK, NY / ACCESSWIRE / May 29, 2019 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York against Hecla Mining Company (NYSE: HL) ("Hecla" or the "Company") on behalf of purchasers of the Company's securities between March 19, 2018 and May 8, 2019, inclusive (the "Class Period").
The lawsuit is based on whether Hecla and its executives violated federal securities law by misleading investors by making false and/or misleading statements and/or failing to disclose that the Nevada gold mines Hecla had recently acquired faced material problems that would prevent the operations from being cash flow positive or neutral.
On May 9, 2019, the Company disclosed that its Nevada operations were cash flow negative and subject to a comprehensive review to determine the best path forward. When this news was released, the Company's stock price fell materially, which harmed investors according to the Complaint.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses, if incurred during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than July 23, 2019. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: https://www.monteverdelaw.com/case/hecla-mining-company. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and iscommitted to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017 - 2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 and 2018 Top Rated Lawyer.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2019 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
SOURCE: Monteverde & Associates PC
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https://www.accesswire.com/546971/URGENT-Monteverde-Associates-PC-Invites-Hecla-Mining-Company-Shareholders-with-Losses-in-Excess-of-100000-To-Contact-the-Firm-Immediately--HL