The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Northern Dynasty Minerals Ltd. (“Northern Dynasty”) (NYSEMKT: NAK) securities between September 16, 2013 and February 14, 2017.
According to the complaint, throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) The Pebble Project carries 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.
On February 14, 2017, shares of Northern Dynasty stock plummeted during intraday trading following the publication of a report on Seeking Alpha alleging that “Northern Dynasty is worthless” because its Pebble Project is not “commercially viable.”
If you suffered a loss in Northern Dynasty you have until April 17, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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