NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of NovaGold Resources Inc. (NYSE: NG) resulting from allegations that NovaGold may have issued materially misleading business information to the investing public.
On May 28, 2020, J. Capital Research published a report alleging, “NovaGold’s management team has systematically misled investors” about its Donlin gold project, “a deposit so remote and technologically challenging that the mine will never be built.” The report also criticizes the Company for using “custom metrics designed to deceive,” including that “the deposit will require $6.7 bln in capital, [when] the feasibility study clearly shows this number is $8 bln.” J. Capital Research also claims, “the proposed natural gas pipeline central to powering the project is dead on arrival,” quoting an engineer familiar with the project as saying that he “doesn’t know of any engineering company that has the experience to build such a complex pipeline.”
Rosen Law Firm is preparing a securities lawsuit on behalf of NovaGold shareholders. If you purchased securities of NovaGold please visit the firm’s website at http://www.rosenlegal.com/cases-register-1896.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at mailto:[email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
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