PR Newswire
NEW YORK, Oct. 14, 2020
NEW YORK
,
Oct. 14, 2020
/PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Hudbay Minerals Inc. (“Hudbay” or the “Company”) (NYSE: HBM). Such investors are advised to contact
Robert S. Willoughby
at
[email protected]
or 888-476-6529, ext. 7980.
The investigation concerns whether Hudbay and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On
October 11, 2020
, Hudbay issued a press release “report[ing] that production at its 777 Mine in
Flin Flon, Manitoba
, has been temporarily suspended due to an incident that occurred on
October 9th
during routine maintenance.” Hudbay advised investors that “[a]n inspection of the damage . . . is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed.”
On this news, Hudbay’s stock price fell
$0.29
per share, or 6.29%, to close at
$4.32
per share on
October 12, 2020
.
The Pomerantz Firm, with offices in
New York
,
Chicago
,
Los Angeles
, and
Paris
is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz
, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
