San Diego, CA -- (SBWIRE) -- 08/14/2012 -- An investigation on behalf of investors of Heckmann Corporation (NYSE:HEK) shares over potential securities laws violations by Heckmann Corporation and certain of its directors and in connection with certain statements was announced.
Investors who purchased shares of Heckmann Corporation (NYSE:HEK), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Heckmann Corporation (NYSE:HEK) concerning whether a series of statements by Heckmann Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Heckmann Corporation (NYSE:HEK) reported that its annual Revenue rose from $3.82 million in 2009 to $156.84 million in 2011 and its Net Loss over the respective time periods decreased from $395.39 million to $23.01 million.
Shares of Heckmann Corporation (NYSE:HEK) grew from as low as $3.38 per share in July 2009 to as high as $6.95 per share in December 2011. Since then NYSE:HEK shares lost substantially value and traded in July 2012 under $3.40 per share.
Then on August 6, 2012, after the market closed, Heckmann Corporation (NYSE:HEK) announced its second quarter 2012 financial results.
NYSE:HEK shares fell from $3.38 per share on August 6, 2012, to as low as $2.60 per share on August 7, 2012.
Those who purchased shares of Heckmann Corporation (NYSE:HEK) and currently hold those Heckmann Corporation shares, may have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego