Article: Meme stocks loom large in the CSA’s short-selling review

Article - Media, Publications

Meme stocks loom large in the CSA’s short-selling review

James Langton, 22 March 2021

When a group of retail traders used Reddit to gleefully gang up on a handful of hedge funds in January, giving birth to the concept of “meme” stocks, they cranked up an already simmering debate about proper public discourse related to trading. In Canada, a consultation regarding activist short-sellers is the focus of that debate.

Late last year, the Canadian Securities Administrators (CSA) published a consultation paper on the role and regulation of activist short-sellers — traders who publicly air their negative views on the stocks they’re shorting.

Defenders of the practice maintain that vocal short-sellers are the only thing standing between unrelenting upside hype and ordinary investors — i.e., their skepticism and scrutiny help expose corporate fraud and misconduct, aiding naive regulators and investors alike. Continue reading “Article: Meme stocks loom large in the CSA’s short-selling review”

Article: NAK Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Northern Dynasty Minerals Ltd. (NYSE: NAK); Lead Plaintiff Deadline is February 2, 2021

Article - Media, Publications

NAK Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Northern Dynasty Minerals Ltd. (NYSE: NAK); Lead Plaintiff Deadline is February 2, 2021

PRNewswire, 05 January 2021

Berger Montague is investigating potential securities fraud claims against Northern Dynasty Minerals Ltd. (“Northern Dynasty” or the “Company”) on behalf of investors who purchased Northern Dynasty securities (NYSE: NAK) between December 21, 2017 and November 25, 2020 (the “Class Period”).

A recently filed lawsuit accuses Northern Dynasty and its senior management of misleading investors about the Company’s proposed Pebble Project, a large mining project in Alaska, and its prospects for securing a permit from federal and state regulators. Northern Dynasty repeatedly touted its progress in obtaining the necessary permits for the Pebble Project and assured investors that its design entailed a substantially reduced development footprint and new environmental safeguards for the mine.
Continue reading “Article: NAK Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Northern Dynasty Minerals Ltd. (NYSE: NAK); Lead Plaintiff Deadline is February 2, 2021”