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Case Status:    ONGOING    
On or around 04/29/2020 (Date of last review)

Filing Date: May 24, 2019

According to the Complaint, Hecla purports to discover, acquire, develop, and produce silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which Hecla sells to custom smelters and brokers, and unrefined precipitate and bullion bars (doré) containing gold and silver, which are further refined before sale to precious metals traders. Prior to the start of the Class Period, the Company was organized and managed in four segments that encompassed its operating units: the Greens Creek, Lucky Friday, Casa Berardi, and San Sebastian units.

The Complaint alleges that during 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”, but this was not true.

On June 11, 2019, Plaintiffs filed a copy of the Complaint with certification attached. On March 25, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.


Sector: Basic Materials
Industry: Gold & Silver
Headquarters: United States


Ticker Symbol: HL
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 19-CV-04883
JUDGE: Hon. Andrew L. Carter, Jr.
DATE FILED: 05/24/2019
CLASS PERIOD END: 05/08/2019
  1. Kaplan Fox & Kilsheimer, LLP (New York)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available