Kirby McInerney LLP Advises Northern Dynasty Minerals Ltd. Investors of Potential Claims
17 February 2017 - 7:14AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170216006202/en/
Kirby McInerney LLPWendy Li, (212)
371-6600securitiescases@kmllp.com
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