Harwood Feffer LLP Announces Investigation of Allied Nevada Gold Corp.

04 Apr, 2014, 20:50 ET from Harwood Feffer LLP

NEW YORK, April 4, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com)  is investigating potential claims against certain officers and directors of Allied Nevada Gold Corp. ("ANV" or the "Company") (NYSE: ANV) concerning whether breaches of fiduciary duties have occurred.

In August 2013, the Company announced that its production costs had drastically increased because of defects at ANV's Lewis leach pad.  The Company also stated that it would indefinitely suspend its planned expansion at the Hycroft mine due to insufficient cash flows from operations. 

Our investigation concerns whether the ANV board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own ANV shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Matthew M. Houston, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400                            (212)935-7400 Email:  ="file:///C:/Users/bsachsmichaels/Documents/C&D%20Technologies/bsachsmichaels@hfesq.com" rel="nofollow" target="_blank">bsachsmichaels@hfesq.com Website:   http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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