BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith reminds investors of the upcoming April
17, 2017 deadline to file a lead plaintiff motion in the class
action filed on behalf of a class of investors who purchased or
otherwise acquired Northern Dynasty Minerals Ltd. (“Northern Dynasty” or
the “Company”) (NYSE MKT: NAK)
securities between September 16, 2013 and February 14, 2017,
inclusive (the “Class Period”). Northern Dynasty investors have until April
17, 2017 to file a lead plaintiff motion.
On February 14, 2017, shares of Northern Dynasty stock plummeted
following the publication of a report alleging that Northern Dynasty’s
Pebble Project is not commercially viable, and that key partners have
left the project.
The complaint filed in this lawsuit alleges that throughout the class
period Defendants issued materially false and/or misleading statements
and/or failed to disclose that: (i) The Pebble Project carried 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.
If you purchased Northern Dynasty shares, you may move the Court no
later than April 17, 2017 to request appointment as lead
plaintiff. To be a member of the class you need not take any action at
this time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more about
this action, or if you have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413005382/en/
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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