This case alleges that Northern Dynasty documentation contained numerous misrepresentations and were materially misleading regarding the risks of a required permitting process for the Pebble Mine project in Alaska. It seeks damages for class members who suffered losses as a result of the alleged misrepresentations from the company, its directors and underwriters.
The court will decide at a later date if the case will proceed as a class action.
The case seeks to represent anyone who acquired Northern Dynasty securities between June 25, 2020 up to and including November 25, 2020.
- April 13, 2022: Justice Glustein of the Superior Court of Justice has ordered, with the consent of all parties, that this action be discontinued. Please click here to access Justice Glustein’s Order. A similar proceeding against the same defendants will be proceeding in British Columbia under Court File Number VLC-S-S-2012849 or S-211530. Class members should register on the websites of Siskinds LLP and KND Complex Litigation who are class counsel in the British Columbia proceeding. Please access the following links to their websites for more information: https://www.siskinds.com/class-action/northern-dynasty-minerals-ltd/ et/ou https://www.knd.law/class-actions/northern-dynasty-minerals-ltd/.
- March 5, 2021: Statement of Claim issued.