The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Northern Dynasty's Pebble project is commercially unviable; (2) Northern Dynasty's Pebble project had a negative present value; and (3) consequently, Defendants' statements about Northern Dynasty's business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.
On February 14, 2017, Kerrisdale Capital Management released an article about Northern Dynasty alleging that Northern Dynasty's main asset, the low-grade Pebble deposit, is not commercially sustainable and that for several years the Company has been concealing this information from the investing public that the Pebble project has a negative present value. Following this news, Northern Dynasty stock dropped $0.68 per share or over 21% to close at $2.50 per share on February 14, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/nak or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Northern Dynasty you have until April 17, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nak-loss-notice-bronstein-gewirtz--grossman-llc-notifies-investors-of-class-action-against-northern-dynasty-minerals-ltd--lead-plaintiff-deadline-april-17-2017-300408709.html
SOURCE Bronstein, Gewirtz & Grossman, LLC