LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (NYSE: NAK) securities between September 16, 2013 and February 14, 2017, inclusive (the “Class Period”). Northern Dynasty investors have until April 17, 2017 to file a lead plaintiff motion.
Investors suffering losses on their Northern Dynasty investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
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 shares of Northern Dynasty during the Class Period you may move the Court no later than April 17, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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