LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (Nasdaq: NAK). Investors who purchased or otherwise acquired shares between September 16, 2013 and February 14, 2017 inclusive (the "Class Period") are encouraged to contact the Firm in advance of the April 17, 2017 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint alleges that during the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: The Pebble Project showed a negative net present value; that the Pebble Project is not commercially viable; and that as a result of the foregoing, Northern Dynasty’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. When this information was announced to the public, the value of Northern Dynasty declined, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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