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NAK.US
id: 756, Created by Stan Vick, Scout

Northern Dynasty Minerals (NAK) $6.4M Shareholder Settlement

Claim payout
E.D. New York
Court
1:20-cv-05917
Case number
21 Dec 2017
Class period Start
24 Nov 2020
Class period End
14 Dec 2023
Claim deadline
Northern Dynasty Minerals (NAK) settles $6.375 million with investors in litigation over Pebble Project.

The Complaint alleged that NAK 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 U.S. Army Corps of Engineers would deny the Company’s permit applications for the Pebble Project.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Filing date
04 December 2020
Lead plaintiff
Lawrence Kelemen, Charles Hymowitz
Attorney
Pomerantz LLP
Defendants
Ronald W. Thiessen, Thomas C. Collier, Jr.
Judge
Hon. Eric N. Vitaliano
Administrator
EPIQ
Settlement agreement date
2023-08-24
Court hearing date
07 December 2023
Exclusion deadline
16 November 2023
Objection deadline
16 November 2023
Hearing deadline
16 November 2023
Attorney fee
$0.02
Trades matching type
FIFO
+$6,375,000
Total Settlement Amount
Created by Stan Vick, Scout

Northern Dynasty Minerals Ltd

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising...

    Ticker
    NAK.US
    ISIN
    CA66510M2040
    Sector
    Basic Materials
    Industry
    Other Industrial Metals & Mining
    Country
    USA
    Address
    1040 West Georgia Street, Vancouver, BC, Canada, V6E 4H1