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Northern Dynasty Minerals (NDM) $2M Pebble Project Settlement for Canada

VLCS-S-212849
Case number
29 Mar 2018
Class period Start
25 Nov 2020
Class period End
12 Jun 2024
Claim deadline
Northern Dynasty Minerals (NDM) settles $2.125 million with investors in litigation over Pebble Project.

The Northern Dynasty Minerals was accused of misleading and failing to disclose that:
  1. Pebble Project was contrary to Clean Water Act guidelines and to the public interest;
  2. Northern Dynasty 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
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Filing date
17 February 2021
Plaintiffs
Firas Haddad
Defendants
Ronald W. Thiessen, Thomas C. Collier
Settlement agreement date
2023-08-30
Court hearing date
23 February 2024
Exclusion deadline
13 February 2024
Objection deadline
09 February 2024
Trades matching type
FIFO
+$2,125,000
Total Settlement Amount
Created by Polina Foster, 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
    NDM.TO
    ISIN
    CA66510M2040
    Sector
    Basic Materials
    Industry
    Other Industrial Metals & Mining
    Country
    Canada
    Address
    1040 West Georgia Street, Vancouver, BC, Canada, V6E 4H1