LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (NYSE: NAK) concerning possible violations of federal securities laws between September 16, 2013 and February 14, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the April 17, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. 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, Northern Dynasty issued materially false and/or misleading statements and/or failed to disclose that: the Pebble Project carries a negative net present value; that the Pebble Project is not commercially viable; and that as a result of the above, the Company’s statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On February 14, 2017, Seeking Alpha published an article alleging that “Northern Dynasty is worthless” because its Pebble Project is not “commercially viable.” When this news was released, shares of Northern Dynasty fell significantly, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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