Company Website:
http://www.rosenlegal.com/cases-1056.html
NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, reminds purchasers of
Northern Dynasty Minerals Ltd. securities (NYSE:NAK) from September 16,
2013 through February 13, 2017, both dates inclusive (the “Class
Period”) of the important April 17, 2017 lead plaintiff deadline in the
class action. The lawsuit seeks to recover damages for Northern Dynasty
investors under the federal securities laws.
To join the Northern Dynasty class action, go to http://www.rosenlegal.com/cases-1056.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period Defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Northern Dynasty’s Pebble project is commercially unviable; (2) Northern
Dynasty’s Pebble project had a negative present value; and (3) as a
result, Defendants’ statements about Northern Dynasty’s business,
operations and prospects were materially false and misleading and/or
lacked a reasonable bases at all relevant times. On February 14, 2017,
Kerrisdale Capital Management published a report asserting that Northern
Dynasty’s Pebble Project is commercial unviable and Northern Dynasty has
spent years trying to conceal from public that its Pebble project had a
negative present value. On this news, shares of Northern Dynasty fell
$0.68 per share or over 21% to close at $2.50 per share on February 14,
2017, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than April 17, 2017. If
you wish to join the litigation, go to http://www.rosenlegal.com/cases-1056.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at
866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Attorney Advertising. Prior results do not guarantee a
similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170303005761/en/
Contacts:
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax:
(212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm, P.A.
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