The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Northern Dynasty Minerals Ltd. (NYSE: NAK) who purchased shares between December 21, 2017 and November 25, 2020. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.
In particular, the Northern Dynasty lawsuit alleges that (1) the Company’s Pebble Project was contrary to Clean Water Act guidelines and to the public interest; (2) the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (3) as a result, the Company’s permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
Shareholders have until February 2, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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