An investor in NYSEMKT:NAK shares filed a lawsuit against Northern Dynasty Minerals Ltd over alleged violations of Federal Securities Laws.
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 firstname.lastname@example.org or call +1(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.
According to the complaint 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.
Shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) grew to as high as $3.32 per share on January 24, 2017, respectively $3.36 per share on February 10.2017.
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 24, 2017, NYSEMKT:NAK shares closed at $1.55 per share.
Those who purchased NYSEMKT:NAK shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
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