Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Northern Dynasty Minerals Ltd.
NEW YORK, NY / ACCESSWIRE / Jan 29, 2021 / Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline to file a motion by a lead plaintiff in a class action lawsuit filed on behalf of investors who purchased the securities of Northern Dynasty Minerals Ltd. purchased or acquired (“Northern Dynasty” or the “Company”) (NYSE: NAK) from December 21, 2017 through November 25, 2020 (the “Class Period”). The lawsuit filed in the US District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.
If you have purchased Northern Dynasty securities and / or would like to discuss your statutory rights and options, please visit Northern Dynasty Shareholders’ Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero @ bernlieb .com.
The complaint alleges that throughout the classroom, the defendants made false and / or misleading statements and / or failed to disclose that: (1) The Company’s Pebble Project went against the guidelines of the Clean Water Act and against the public interest has violated; (2) The company planned that the Pebble Project would take longer in duration and scope than should be made available to the public. (3) As a result, the Company’s Pebble Project approval applications would be denied by the US Army Corps of Engineers. and (4) as a result, Defendants’ public statements at all relevant times have been materially false and / or misleading.
On August 24, 2020, the US Army issued a statement on the Pebble Project stating that it would cause “significant environmental degradation and likely significant adverse effects on the water system or the human environment.” The US Army also stated that “the currently proposed project cannot be approved under Section 404 of the Clean Water Act”. The US Army has asked the company to come up with a mitigation plan in response to this finding. In the news, Northern Dynasty’s share price fell $ 0.55 per share, or 37.9%, to close at $ 0.90 per share on August 24, 2020.
The story goes on
On November 25, 2020, Northern Dynasty reported that the U.S. Army Corps of Engineers had denied its permit applications related to the Pebble Project.
In that news, Northern Dynasty’s share price fell $ 0.40 per share, or 50%, to close at $ 0.40 per share on November 25, 2020, hurting investors.
If you want to serve as the lead plaintiff, you must transfer the court no later than February 2, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you don’t take action, you may remain an absent class member.
If you have purchased Northern Dynasty securities and / or would like to discuss your legal rights and options, please visit https://www.bernlieb.com/cases/northerndynastymineralsltd-nak-shareholder-class-action-lawsuit-stock-fraud- 339 / apply / or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has collected over $ 3.5 billion for its clients. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. Based on the success of hundreds of lawsuits and class actions, the firm has been featured on the National Law Journal’s “Hot List” thirteen times and on The Legal 500 for ten consecutive years.
LAWYER. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this Connecticut state complaint is Michael S. Bigin. Past results do not guarantee or forecast a similar result with respect to future matters.
Matthew E. Guarnero
Bernstein Liebhard LLP
SOURCE: Bernstein Liebhard LLP
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