Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Northern Dynasty Minerals (NYSE: NAK) in connection to alleged violations of securities laws by NAK and certain of its officers. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in Northern Dynasty Minerals between September 16, 2013 and February 14, 2017.
The class action complaint specifically alleges that during the period in question, NAK and certain of its officers might have provided false and/or misleading material information, and/or failed to disclose adverse material information to the public, chiefly: that the company’s Pebble Project was not commercially viable; that the same had a negative net present value; and that consequently NAK’s public statements about its prospects, operations and business during the relevant period were false and/or misleading and/or had no reasonable basis. When true details surfaced, NAK’s value fell, causing substantial harm to investors.
According to the company’s website, Northern Dynasty Minerals “is a Vancouver, British Columbia based company with shareholders around the world, and is publicly traded in Canada (TSX:NDM) and the United States (NYSE MKT: NAK).” The description continues: “Northern Dynasty’s principal asset is the Pebble Project in southwest Alaska, USA, an advanced-stage initiative to develop one of the world’s most important mineral resources.”
A class action lawsuit has already been filed in connection with Northern Dynasty Minerals. If you wish to serve as lead plaintiff in the NAK lawsuit, you must move the Court no later than April 17, 2017. If you wish to join the litigation, please contract Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.