By Shane Lasley
Metal Tech News
Novagold sues J Capital for short report
Seeks redress for damages of "sucker punch" to shareholders North of 60 Mining News – July 10, 2020
Share
Tweet
Last updated 9/26/2020 at 2:58pm
Adobe Stock; By BillionPhotos.com
Seeking justice for damages to shareholders caused by a report released as part of a short-and-distort attack, Novagold Resources has served J Capital Research with a civil action lawsuit for defamation in a New York federal district court.
Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska.
Basically, a short-and-distort scheme is when an investor or group of investors takes a short...
For access to this article please
sign in or
subscribe.
Reader Comments(0)