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Lawsuit filed for Investors in shares of Northern Dynasty Minerals Ltd. (NYSE: NAK)

12-08-2020 07:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Northern Dynasty Minerals Ltd. (NYSE: NAK) shares.

A lawsuit was filed on behalf of investors in Northern Dynasty Minerals Ltd. (NYSE: NAK) shares.

An investor, who purchased shares of Northern Dynasty Minerals Ltd. (NYSE: NAK), filed a lawsuit over alleged Securities Laws violations by Northern Dynasty Minerals Ltd.

Investors who purchased shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) have certain options and for certain investors are short and strict deadlines running. Deadline: February 2, 2021. NYSE: NAK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Canada based Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. On November 25, 2020, Northern Dynasty's TSX shares were briefly halted after the U.S. Army Corps of Engineers rejected the environmental plan for the Pebble Mine in Alaska. The corps said that the project would violate Clean Water Act guidelines and is contrary to the public interest.

Shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) declined to as low as $0.35 per share on November 25, 2020.

The plaintiff claims that between December 21, 2017 and November 25, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company’s Pebble Project was contrary to Clean Water Act guidelines and to the public interest, that the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public, that as a result, the Company’s permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers, and that as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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