Market has been doing good lately
Watching for .35 break !
No idea, but here is an example to chew on:
The process of payout in a class-action lawsuit involving securities can be complex and usually involves several steps. Here's a general overview: For the sake of discussion let's assume you had 10,000 shares.
Settlement Fund: After legal and administrative fees, the remaining amount of the settlement fund is distributed to the class members. If the awarded amount is $6,400,000, a portion will go towards attorney fees, administrative costs, and possibly named plaintiffs (those who initiated the suit).
Distribution Plan: The court will approve a plan for how the remaining settlement fund is to be distributed among eligible class members. This often involves a formula that takes into account the number of shares you owned, the duration for which you owned them, and other factors.
Pro Rata Share: Generally, your share of the settlement will be proportional to the number of shares you held, often adjusted for various factors such as the length of time you held the shares, the timing of your transactions, and the total claims made against the settlement fund.
Let's say the settlement fund was $6,400,000, and after $1,200,000 in legal and administrative fees, $5,200,000 is left. Assume you owned 10,000 shares.
Total Eligible Shares: Assume there were 5 million eligible shares claimed in the settlement by all class members.
Your Proportional Share: Your share would be
10,000 shares/5,200,000 shares = 0.002 or 0.2% of the total fund.
Your Payout: 0.2% of $5,200,000 would be 0.002 \times 5,200,000 = $10,400.
This is a simplified example. Real-world calculations can be far more complex and may involve various adjustments, so expect less, maybe a lot less.
Things to Note:
Minimum Payouts: Some settlements have minimum payout amounts, and if the calculated amount falls below this threshold, you may receive the minimum amount or possibly nothing.
Unclaimed Funds: If there are unclaimed funds after the initial distribution, a second distribution may occur, or the remaining funds might go to a court-approved entity or cause.
Tax Implications: Remember that there could be tax implications for any payouts received.
Dang so we’re getting a fat payout? Probably at least $1,000 a person?
Class action stuff:
If you purchased your stock on a US based exchange/broker you should be automatically enrolled in their automated class action claim recovery service (the ?Class Action Service?), you may opt out of this particular class action lawsuit if you wish. Otherwise, your account will be included in the group of clients eligible to receive a class action settlement for NAK.
official web page for claims: https://www.northerndynastysecuritiessettlement.com/ Claim forms found here: https://www.northerndynastysecuritiessettlement.com/Home/SubmitClaim
I'm not a financial or legal advisor, but generally speaking, here are some steps you might consider taking if you are eligible for a payment from a proposed class action settlement:
Research and Verify:
1. Check the Settlement Notice: Look for an official notice about the settlement. Mine came in September. Through my brokers notification email service with the title "MS WM Class Action Participation Opt Out" . These notices are usually disseminated via mail, email, or through the class action's official website. The notice will generally have details about how to claim your share.
2. Confirm Eligibility: Ensure you meet all the eligibility criteria. This usually involves having bought or sold the security in question during a specific time period and through specific venues.
Filing a Claim:
1.Locate Claim Forms: The settlement notice will typically direct you to where you can find the claim forms. This could be a website or a physical address where you can request forms be mailed to you.
2. Fill Out the Forms: The claim form will generally ask for details such as your name, contact information, and details about your security transactions (buy/sell dates, number of shares, price, etc.). You may need to provide proof of these transactions, so be prepared to attach any necessary documentation.
3. Submit Before the Deadline: Make sure you submit your claim form before the deadline mentioned in the settlement notice. This could involve mailing the form or submitting it online.
I never tried to email them. I’m sure they aren’t allowed to say anything to anyone about it anyway
Re Music... What type of compensation you think we could get?
I had a significant position, for me, in the lower 5 figures, with Barrick Gold a number of years back, easily over 10 years ago...
Barrick got sued similiarly.. I had lost a bunch of dinero...........It took a lot of work to put together all the trades and data required for the suit....
Then it took YEARS for a judgement.....Always thought it would be a nice payoff from the suit...
I finally wound up with a check for less than $20 bucks in a final settlement.... It wasnt even worth the time to put all the paperwork bull sheet together.. The lawyers are the only ones that make any money. Plain and Simple. Maybe some huge Fund Accounts get a few bucks.
Sadly no one likes to take a loss, but if anyone thinks this suit will amount to a big jackpot they are delusional IMHO. Lawyers file suits all the time against wall street stocks
They haven’t responded to my email. What about you?
I haven’t a clue how much.
What type of compensation you think we could get? I haven’t received an email back yet
Its not going to be Northern DIE Nasty
Anyone know a company that has incredible large vast amounts of copper waiting to be mined for developing a new energy grid and powering EV production. ?
I bet plenty of countries would like to have an asset like that.
Maybe we can import copper from China eh ?
I got an email today about a class action lawsuit. You may be impacted if you transacted on or held this security between 2017-12-21 and 2020-11-24.
Stepped aside for now. I will be back.
Wait until the .15's show up
I will be buying more. We are all waiting on news.
So..... what happened? The share price is sinking, Im guessing the Armys decision wasnt as stellar as traders hoped creating new bag holders
Rick is well known in these parts. He has his opinions and that's a good thing, but he is quoting 13 year old public opinion polls. Pebble has not been on most Alaskans radar for more than a few years. Here is a 2010 from the other side that differs considerably evil greenie poll. Yuck! . And for me, when you read articles that demonize the opposite view, biased red flag. Why demonize the other size when facts should do. We are all entitled to our opinions and that should be good enough but unfortunately Rick, like most, has an agenda and a fan base to support.
Not sure if you know much about Rick:
Rick Whitbeck is the Alaska State Director for Power The Future, a national nonprofit organization that advocates for American energy jobs. https://powerthefuture.com/projects/
Am I in this stock, not presently, will I get back in, depends on if I live long enough.
With that in mind, Northern Dynasty Minerals (NDM), the company spearheading Pebble’s development, adapted its mine plan to remove the most contentious parts. The revised development process no longer used cyanide in the processing of the minerals, nor was a massive earthen dam going to be used to permanently store tailings, which opponents claimed could fail and send millions of gallons of poison and toxics into the watershed. NDM shrunk the proposed footprint to a fraction of the original and worked through the NEPA process beginning in 2017, with a Final Environmental Impact Statement (FEIS) issued in July 2020 by the U.S. Army Corps of Engineers, finding – without ambiguity – the mine would have no significant impact to the Bristol Bay fishery.
SP is reacting like its a NO GO,
take profits if there are any then RUN away from this dog
Ah, so you're under the illusion that the digging might actually happen? Let's talk hurdles, shall we? First off, folks around these parts are about as enthusiastic about this mine as a cat is about a water park. Have a gander at this recent poll . Democrats, Republicans, Libertarians, and even the tree-huggers—every flavor in the political Baskin-Robbins—think this mine stinks.
And then we have Murkowski, Peltola, and Sullivan in opposition. For crying out loud, even Tucker Carlson—yes, that Tucker Carlson—finds this mine about as appealing as vegan bacon.
You might think, "Oh, but what if we cut through the red tape? Bypass the EPA and ACOE?" Well, good luck with that. You'd still have to leap through flaming legislative hoops. Why? Because the Bristol Bay Fisheries Reserve requires legislative approval from practically everyone and their grandma, courtesy of a 2014 public initiative. Pebble will also need a VIP pass from the Lake and Peninsula Borough, and various private landowners, just to lay down some pavement.
But don't worry, there's a glimmer of hope in the form of The Corrupt Bastards Club. That's reassuring, right?
You may find a tidbit of good news tomorrow, but if you're looking long-term keep that four-leaf clover handy.
I think the army corps comes out tomorrow? Hold!!!
No matter what You think. Alaskans DONT want this mine. The Tribes have been blocking it for years.
Take profits if you have any
written by seafood.com source. I don't think they speak for alaska. Alaskans will benefit from the mine just as they benefit from oil... :)