LOS ANGELES, CA / ACCESSWIRE / July 16, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NovaGold Resources Inc. (“NovaGold” or “the Company”) (NYSE:NG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. NovaGold is the subject of a research report published by J. Capital Research on May 28, 2020. The report alleges: “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.”
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm
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