Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Northern Dynasty Minerals Ltd. and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that Northern Dynasty Minerals Ltd., in the U.S. District Court for the Eastern Borough of New York, on behalf of investors. (NYSE: NAK) securities between December 21, 2017 and November 25, 2020 (the “Class Period”). Investors have until February 2, 2021 to apply to the court for appointment as the lead plaintiff in the lawsuit.
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Northern Dynasty is engaged in the exploration of mineral properties in the United States. The principal mineral property is the Pebble Copper-Gold-Molybdenum Project, comprising 2,402 mineral occurrences covering approximately 417 square miles in southwest Alaska (the “Pebble Project”).
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.
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 the news, Northern Dynasty’s share price fell $ 0.40 per share, or 50%, to close at $ 0.40 per share on November 25, 2020.
The complaint, filed on December 4, 2020, alleges that throughout the classroom, defendants made false and / or misleading statements and / or failed to disclose that: (1) the Company’s Pebble Project violated the guidelines of the Clean Water Act and offend against the public has an interest; (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, the public statements made by the defendants at all relevant times were materially false and / or misleading. When the real details hit the market, the lawsuit alleged that investors suffered damage.
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If you have purchased Northern Dynasty securities during the class period and on a US stock exchange and have suffered a loss, have information, want to learn more about these claims, or have questions about this announcement or your rights or interests in relation to these matters, please contact us You can contact Brandon Walker, Melissa Fortunato or Marion Passmore by emailing firstname.lastname@example.org, by calling (212) 355-4648, or by completing this contact form. There are no costs or obligations for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.
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Bragar Eagel & Squire, PC
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.