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Investors Sue Parent Company Behind Alaska Gold Mine January 6, 2021
The company behind a proposed copper and gold mine in Alaska faces lawsuits from investors claiming it misled shareholders who have seen an 85% drop in stock value since the summer.
Two lawsuits filed in U.S. District Court in New York claim Northern Dynasty Minerals violated federal securities law when project executives did not fully provide information about the project, The Anchorage Daily News reported Friday.
Developer The Pebble Limited Partnership and parent company Northern Dynasty Minerals Ltd. sought to build a mine about 200 miles southwest of Anchorage and near the headwaters of the world’s largest sockeye salmon fishery in Bristol Bay.
Organizations that sought to block the issuance of leases expressed disappointment with Gleason s ruling but vowed to keep fighting.
“This administration steamrolled through a disrespectful, harmful, illegal leasing plan, and we plan to stop it,” said Bernadette Demientieff, executive director of the Gwich’in Steering Committee, which was formed by Indigenous leaders who oppose drilling in the refuge. “While that didn’t happen today, that day will come.”
Nicholas Goodwin, a spokesperson for the U.S. Interior Department, called the ruling expected and unsurprising. The Department of the Interior looks forward to proceeding with appropriate dispatch to achieve the clear direction it received from Congress in 2017.”
January 02, 2021 - 8:51 AM
ANCHORAGE, Alaska - The company behind a proposed copper and gold mine in Alaska faces lawsuits from investors claiming it misled shareholders who have seen an 85% drop in stock value since the summer.
Two lawsuits filed in U.S. District Court in New York claim Northern Dynasty Minerals violated federal securities law when project executives did not fully provide information about the project, The Anchorage Daily News reported Friday.
Developer The Pebble Limited Partnership and parent company Northern Dynasty Minerals Ltd. sought to build a mine about 200 miles (320 kilometres) southwest of Anchorage and near the headwaters of the world s largest sockeye salmon fishery in Bristol Bay.
Home / Top News / ROSEN, A LEADING LAW FIRM, Reminds Northern Dynasty Minerals Ltd. Investors of Important February 2 Deadline in First Filed Securities Class Action Commenced by the Firm; Encourages Investors with Losses in Excess of $500K to Contact the Firm – NAK
ROSEN, A LEADING LAW FIRM, Reminds Northern Dynasty Minerals Ltd. Investors of Important February 2 Deadline in First Filed Securities Class Action Commenced by the Firm; Encourages Investors with Losses in Excess of $500K to Contact the Firm – NAK
NEW YORK, Jan. 02, 2021 (GLOBE NEWSWIRE) Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Northern Dynasty Minerals Ltd. (NYSE: NAK) between December 21, 2017 through November 25, 2020, inclusive (the “Class Period”), of the important February 2, 2021 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Northern Dynasty investors under the federal securities l