NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Northern Dynasty Minerals Ltd. (NYSE:NAK) resulting from allegations that Northern Dynasty may have issued materially misleading business information to the investing public.
On February 14, 2017, Kerrisdale Capital Management published a report on Northern Dynasty alleging, among other things, that Northern Dynasty’s key asset, the low-grade Pebble deposit, is not commercially viable and Northern Dynasty has spent years trying to conceal from the public that the Pebble project has a negative present value. On this news, shares of Northern Dynasty fell $0.68 per share or over 21% to close at $2.50 per share on February 14, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Northern Dynasty investors. If you purchased shares of Northern Dynasty on or before February 13, 2017 please visit the firm’s website at http://www.rosenlegal.com/cases-1056.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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