Symbol			NYSE

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Update on NovaGold Litigation

2009-10-22 19:19 ET - News Release

Also News Release (U-NG) NOVAGOLD RESOURCES INC

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 10/22/09

NovaGold Resources Inc. (TSX: NG)(NYSE Amex: NG) today provided an update on litigation pending against the Company.

In August 2008, NovaGold, the Galore Creek Mining Corporation and certain of its officers and directors were named as defendants in a securities class action lawsuit filed in the United States District Court for the Southern District of New York. Similar complaints followed and were filed as a consolidated lawsuit on December 22, 2008. The plaintiff alleged violations of the Securities Exchange Act of 1934 and the Securities Act of 1933 on the basis of alleged misstatements and omissions in various public statements and filings made from October 25, 2006 through November 23, 2007 concerning NovaGold's Galore Creek project, and sought an unspecified amount of damages in an amount to be proven at trial.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.