NEW YORK, Feb. 17, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Northern Dynasty Minerals Ltd. ("Northern Dynasty") (NYSE MKT:NAK) between September 16, 2013 and February 14, 2017. You are hereby notified that Levi & Korsinsky has commenced the class action Kirwin v. Northern Dynasty Minerals Ltd., et al. (Case No. 1:17-cv-01238) in the United States District Court for the Southern District of New York. Click here to view the complaint. To get more information go to:
http://www.zlk.com/pslra-sa/northern-dynasty-minerals-ltd
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) The Pebble Project carries a negative net present value; (ii) the Pebble Project is not commercially viable; and (iii) as a result of the foregoing, the Company’s financial statements, as well as Defendants’ statements about Northern Dynasty’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On February 14, 2017, shares of Northern Dynasty stock plummeted during intraday trading following the publication of a report on Seeking Alpha alleging that “Northern Dynasty is worthless” because its Pebble Project is not “commercially viable.”
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.