Northern Dynasty Minerals Ltd.
Lead Plaintiff Deadline: 02/02/2021
SUMMARY OF CASE:
A securities class action has been filed against Northern Dynasty Minerals Ltd. (NAK ) on behalf of a class consisting of all persons and entities other than Defendants who purchased the publicly traded securities of Northern Dynasty between December 21, 2017 through November 25, 2020. This case has been filed in the USDC – E.D.N.Y.
The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company’s Pebble Project was contrary to Clean Water Act guidelines and to the public interest; (2) the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (3) as a result, the Company’s permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.