BALA CYNWYD, Pa., April 1, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Revett Mining
Company, Inc. ("Revett" or "the Company") NYSE MKT-RVM-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Hecla Mining
Company ("Hecla").
Click here to learn more about the investigation
http://brodsky-smith.com/913--revett-mining-company-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Revett shareholders will
receive only 0.1622 of a share of Hecla common stock for each share
of Revett stock they own. The transaction values Revett shares at
only approximately $0.52 per share.
The investigation concerns whether the Board of Revett
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Hecla is underpaying for Revett. The
transaction may undervalue Revett given that the Company is in the
permitting stage of its Rock Creek project. In addition the
transaction will result in a loss for many shareholders as Revett
stock previously traded as high as $5.26 per share and traded at $1.28 as recently as August 28, 2014.
If you own shares of Revett stock and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/913--revett-mining-company-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC