LOS ANGELES, CA / ACCESSWIRE / December 7, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Northern Dynasty Minerals Ltd. ("Northern Dynasty" or "the Company") (NYSE:NAK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between December 21, 2017 and November 25, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before February 2, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Northern Dynasty's Pebble Project was at odds with the guidelines of the Clean Water Act as well as the public interest. The Company's plan for the Pebble Project was larger in scope and longer in duration than what it conveyed to the public. Due to these facts, the U.S. Army Corps of Engineers would deny the Company's permit applications for the Pebble Project. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Northern Dynasty, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm