Northern Dynasty Minerals Ltd. Securities Litigation (2020)

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Lawsuit Overview

Defendant:Northern Dynasty Minerals, Ltd.
Date Filed:December 4th, 2020
Sector:Basic Industries
Industry:Precious Metals
Class Start Date:December 21st, 2017
Class End Date:November 25th, 2020

According to the Complaint, Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska (the "Pebble Project").

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company's Pebble Project was contrary to Clean Water Act guidelines and to the public interest; (2) the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (3) as a result, the Company's permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers; and (4) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

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First Identified Complaint

Neil Darish, et al. v. Northern Dynasty Minerals Ltd., et al.

Date Filed:December 4th, 2020
Class Period Start:December 21st, 2017
Class Period End:November 25th, 2020
First Identified Complaint Filings
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