Cases
Northern Dynasty Minerals Ltd. (NYSE: NAK)
Securities Class Action
Overview
Overview
- Date:
- 2/23/2017
- Company Name:
- Northern Dynasty Minerals Ltd.
- Stock Symbol:
- NAK
- Class Period:
- FROM 9/16/2013 TO 2/13/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, February 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who acquired Northern Dynasty Minerals Ltd. (NYSE: NAK) securities between September 16, 2013 and February 13, 2017 (the “Class Period”).
On February 14, 2017, shares of Northern Dynasty stock plummeted following the publication of a report alleging that Northern Dynasty’s Pebble Project is not commercially viable and that key partners have left the project.
The complaint filed in this lawsuit alleges that throughout the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Pebble Project carried a negative net present value; (ii) the Pebble Project is not commercially viable; and (iii) as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about Northern Dynasty’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Northern Dynasty securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 14, 2017, shares of Northern Dynasty stock plummeted following the publication of a report alleging that Northern Dynasty’s Pebble Project is not commercially viable and that key partners have left the project.
The complaint filed in this lawsuit alleges that throughout the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the Pebble Project carried a negative net present value; (ii) the Pebble Project is not commercially viable; and (iii) as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about Northern Dynasty’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you purchased or otherwise acquired Northern Dynasty securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.