LOS ANGELES, CA / ACCESSWIRE / April 7, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (NYSE MKT: NAK) concerning possible violations of federal securities laws between September 16, 2013 and February 13, 2017, inclusive (the "Class Period"). Investors, who purchased or otherwise acquired the Company's shares during the Class Period should contact the firm prior to the April 17, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The complaint states that during the Class Period, Northern Dynasty issued materially false and/or misleading statements and/or failed to disclose that: the Pebble Project carries a negative net present value; that the Pebble Project is not commercially viable; and that as a result of the above, the Company's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis. On February 14, 2017, Seeking Alpha published an article alleging that "Northern Dynasty is worthless" because its Pebble Project is not "commercially viable." When this news reached the public, shares of Northern Dynasty declined in value significantly, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC