LOS ANGELES -- (Business Wire)
Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the April
17, 2017 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased 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 or otherwise acquired Northern Dynasty shares during
the Class Period 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 Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
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/20170407005600/en/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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