Hecla Hid Mine Violations, Inflated Stock Price: Suit

Law360, New York (February 2, 2012, 8:11 PM EST) -- A putative class action filed Wednesday alleges Hecla Mining Co. concealed safety violations at an Idaho silver mine, artificially inflating the company's stock price until federal regulators shut the mine down last month after a series of serious accidents.

Hecla's stock price dropped more than 20 percent Jan. 11 alone, the day the company announced a Mine Safety and Health Administration-ordered cleanup could keep its Lucky Friday mine closed for up to a year, according to the complaint. The Coeur d'Alene, Idaho-based company was fined nearly...
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Case Information

Case Title

Bricklayers of Western Pennsylvania Pension Plan et al v. Hecla Mining Company et al


Case Number

2:12-cv-00042

Court

Idaho

Nature of Suit

Securities/Commodities

Judge

B. Lynn Winmill

Date Filed

January 31, 2012

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