A lawsuit was filed on behalf of investors in Northern Dynasty Minerals Ltd (NYSEMKT:NAK) shares over alleged securities laws violations and NYSEMKT:NAK investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/22/2017 -- The Shareholders Foundation announced that an investor, who purchased shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK), filed a lawsuit over alleged Securities Laws violations by Northern Dynasty Minerals Ltd in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) have certain options and for certain investors are short and strict deadlines running. Deadline: April 17, 2017. NYSEMKT:NAK investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
Northern Dynasty Minerals Ltd. is a mineral exploration company, that, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project.
The plaintiff alleges on behalf of purchasers of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) common shares between September 16, 2013 through February 14, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 16, 2013 through February 13, 2017 Defendants made false and/or misleading statements and/or failed to disclose that Northern Dynasty Minerals' Pebble project is commercially unviable, that Northern Dynasty Minerals' Pebble project had a negative present value, and that as a result, Defendants' statements about Northern Dynasty Minerals' business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
On February 14, 2107, a report was published alleging that "Northern Dynasty is worthless." The report, issued by Kerrisdale Capital Management, noted that Northern Dynasty stock has risen in value since "the election of Donald Trump… fueled hopes that a more mining-friendly EPA will allow the [Pebble mining] project to move forward." Kerrisdale believes, however, that "legal and regulatory problems…will continue to plague the Pebble project even under a Trump presidency…". Shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) declined to as low as $1.92 per share on February 14, 2017.
On February 21, 2017, NYSEMKT:NAK shares closed at $1.66 per share.
Those who purchased shares of Northern Dynasty Minerals Ltd have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego