NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announced today that a class action lawsuit has been filed in the United States District Court for the Central District of California against Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) (NYSE: NAK) on behalf of investors that acquired Northern Dynasty securities during the period from September 16, 2013 through February 13, 2017 (the “Class Period”) seeking recovery of damages for alleged violations of the federal securities laws. Pursuant to applicable law, investors have until April 17, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Northern Dynasty engages in the exploration and development of mineral properties in the United States.
The lawsuit alleges that on February 14, 2017, Kerrisdale Capital Management published a report on the Company asserting that the Company’s Pebble Project (the Company’s principal project) is commercially unviable.
On this news, shares of Northern Dynasty fell from $3.18 per share to close at $2.50 per share on February 14, 2017 (a decline of $0.68).
If you acquired Northern Dynasty securities during the Class Period and are interested in learning more about this matter and any rights you might have with respect to these claims, please contact Wendy Li at securitiescases@kmllp.com, or by telephone at (212) 371-6600. You can also find information about this matter on the firm’s website at www.kmllp.com. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. Kirby McInerney’s efforts on behalf of shareholders have resulted in recoveries totaling billions of dollars, and the firm's achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against Northern Dynasty Minerals Ltd. can be found at Kirby McInerney LLP's website: www.kmllp.com.
