Northern Dynasty Minerals Ltd.
Period: Sep 16, 2013 to Feb 13, 2017
Lead Plaintiff Deadline: Apr 17, 2017 + Deadline passed
Summary of Case:
A securities class action has been filed against Northern Dynasty Minerals Ltd. (NYSE:NAK) on behalf of all persons who purchased or otherwise acquired NAK securities between September 16, 2013 through February 13, 2017,. This case has been filed in the USDC - CA (Central).
The complaint alleges that throughout the Class Period, 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.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.