STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York
on behalf of purchasers of Northern Dynasty Minerals Ltd. (NYSE
MKT: NAK) (“Northern Dynasty” or the “Company”) common stock during the
period between September 16, 2013 and February 14, 2017, inclusive (the
“Class Period”). Investors who wish to become proactively involved in
the litigation have until April 17, 2017 to seek appointment as lead
plaintiff.
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff and be selected by the Court. The
lead plaintiff will direct the litigation and participate in important
decisions including whether to accept a settlement for the Class in the
action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Northern Dynasty common
stock during the Class Period. Members of the Class will be represented
by the lead plaintiff and counsel chosen by the lead plaintiff. No class
has yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants’ failure to disclose
during the Class Period that the Company’s Pebble Project carried a
negative net present value and was not commercially viable.
According to the complaint, following a February 14, 2017 report
regarding the Pebble Project not being commercially viable, the value of
Northern Dynasty shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in
Northern Dynasty common stock purchased on or after September 16, 2013
and held through the revelation of negative information during and/or at
the end of the Class Period and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616. Brower Pivenalso encourages
anyone with information regarding the Company’s conduct during the
period in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170407005009/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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