{"id":403247,"date":"2020-12-19T15:15:35","date_gmt":"2020-12-19T20:15:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403247"},"modified":"2020-12-19T15:15:35","modified_gmt":"2020-12-19T20:15:35","slug":"shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  19, 2020  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Northern Dynasty Minerals Ltd. (\u201cNorthern Dynasty\u201d or the \u201cCompany\u201d) (NYSE: NAK) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06126, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Northern Dynasty securities from December 21, 2017 through November 25, 2020, both dates inclusive (the \u201cClass Period\u201d).\u00a0 Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and Rule 10b-5 promulgated thereunder by the Securities and Exchange Commission.<\/p>\n<p align=\"justify\">If you are a shareholder who purchased Northern Dynasty securities during the Class Period, you have until February 2, 2021 to ask the Court to appoint you as Lead Plaintiff for the class.\u00a0 A copy of the Complaint can be obtained at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FbyXLl1Ua6Ru-_dPFYazgHm7pqFFEIE7d6d-g9OzVFQ9wI29P5PtvMDRnPk-f7_uGguJN9I6UCPDIe4NiapD3JRA4bP9OfcEtpsa-RU4XQA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>. \u00a0 To discuss this action, contact Robert S. Willoughby at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HcorZxLPLAO2EFuRpc6IfJM9C_KxxeJfrXtHhWPub_xLjAaeflC83zKby6ceNuCIx77D6De_S33XI6tr9XQbloy8A5BnhXoV5GiJqjYKHuA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3xnFnv55NH0q9cc9Ny_L-h2JXELCntsdqfgF2DWUPZDLNtCypr8GEg6Ls0vQnqHjRTkOt1DyjpXtygI8Fzi7--daO9gGJ_oMNqAS6XGMWOzkyV-89qQKSXdEECbRLbj5mmmHLfm5_Lcy2wxdxZXrMhEJfIJhVY_hwbWDo1S7-l8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>[Click here for information about joining the class action]<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">Northern Dynasty engages in the exploration of mineral properties in the U.S.\u00a0 Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that cover an area of approximately 417 square miles located in southwest Alaska (the \u201cPebble Project\u201d).<\/p>\n<p align=\"justify\">The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company\u2019s business, operational, and compliance policies.\u00a0 Specifically, Defendants made false and\/or misleading statements and failed to disclose to investors that: (i) the Company\u2019s Pebble Project was contrary to Clean Water Act guidelines and to the public interest; (ii) the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (iii) as a result, the Company\u2019s permit applications for the Pebble Project would be denied by the US Army Corps of Engineers (\u201cUSACE\u201d) and (iv) as a result, Defendants\u2019 public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p align=\"justify\">On August 24, 2020, the U.S. Army released a statement concerning the Pebble Project, stating that it would result in \u201csignificant degradation of the environment and would likely result in significant adverse effects on the aquatic system or human environment.\u201d\u00a0 The U.S. Army further found that \u201cthe project, as currently proposed, cannot be permitted under section 404 of the Clean Water Act.\u201d\u00a0 The U.S. Army requested that the Company submit a mitigation plan in response to this finding.<\/p>\n<p align=\"justify\">On this news, Northern Dynasty\u2019s common share price fell $0.55 per share, or 37.9%, to close at $0.90 per share on August 24, 2020.<\/p>\n<p align=\"justify\">On September 21, 2020, the Environmental Investigation Agency released a recording between investigators and Company executives that demonstrated that Northern Dynasty, contrary to previous public statements, actually planned to build a mine that would last up to 180 years.<\/p>\n<p align=\"justify\">On November 25, 2020, Northern Dynasty reported that the USACE had rejected its permit applications related to the Pebble Project.<\/p>\n<p align=\"justify\">On this news, Northern Dynasty\u2019s common share price fell $0.40 per share, or 50%, to close at $0.40 per share on November 25, 2020, damaging investors.<\/p>\n<p align=\"justify\">The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FbyXLl1Ua6Ru-_dPFYazgOOEivKndlgmMNRS7NwaATocw6uTDGz2vWJeXhr3Lkn2DI8CuVox4XYuN3PTcrZK3aGbP_ra5gVM5v0oJcNO3HM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<br \/><\/strong>Robert S. Willoughby<br \/>Pomerantz LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TAPaulloRmckW4wgCVAwBctqays2SgyElndko_fhfdZ95zmK1D5zrzVCaMcFsLCo1uLuR2Vscoc57gn_F21eK0Y917X94aYjxqjFDiR9lNg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8Xx5ZSECvOicLkjT2ysDUiU8DRWyz0xQkhBmkKTfGgZtRvVYo0kIoRRBWRoyyI81IjtpdcSj4NMF7LuvFn-m0A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1MyMzODg5ODgxIzIwMTc2NDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/c62a26e0-8c28-485a-a1a2-7d433dd69b66\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Northern Dynasty Minerals Ltd. (\u201cNorthern Dynasty\u201d or the \u201cCompany\u201d) (NYSE: NAK) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06126, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Northern Dynasty securities from December 21, 2017 through November 25, 2020, both dates inclusive (the \u201cClass Period\u201d).\u00a0 Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403247","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Northern Dynasty Minerals Ltd. (\u201cNorthern Dynasty\u201d or the \u201cCompany\u201d) (NYSE: NAK) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06126, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Northern Dynasty securities from December 21, 2017 through November 25, 2020, both dates inclusive (the \u201cClass Period\u201d).\u00a0 Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-19T20:15:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1MyMzODg5ODgxIzIwMTc2NDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK\",\"datePublished\":\"2020-12-19T20:15:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/\"},\"wordCount\":701,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNTI1MyMzODg5ODgxIzIwMTc2NDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\\\/\",\"name\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK - Market Newsdesk","og_description":"NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Northern Dynasty Minerals Ltd. (\u201cNorthern Dynasty\u201d or the \u201cCompany\u201d) (NYSE: NAK) and certain of its officers.\u00a0\u00a0 The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-06126, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Northern Dynasty securities from December 21, 2017 through November 25, 2020, both dates inclusive (the \u201cClass Period\u201d).\u00a0 Plaintiff seeks to recover compensable damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-19T20:15:35+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1MyMzODg5ODgxIzIwMTc2NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK","datePublished":"2020-12-19T20:15:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/"},"wordCount":701,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNTI1MyMzODg5ODgxIzIwMTc2NDQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-northern-dynasty-minerals-ltd-of-class-action-lawsuit-and-upcoming-deadline-nak\/","name":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Northern Dynasty Minerals Ltd. of Class Action Lawsuit and Upcoming Deadline\u00a0 \u2013 NAK - 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