IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Northern Oil & Gas, Inc. & Encourag...
August 23 2016 - 1:15PM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit was
filed against Northern Oil and Gas, Inc. ("Northern Oil" or the
"Company") (NYSE: NOG) concerning possible violations of federal
securities laws between March 1, 2013 and August 15, 2016 inclusive
(the “Class Period”). Investors who purchased or otherwise acquired
shares during the Class Period should contact the Firm in advance
of the October 17, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, the Company made false and
misleading statements and/or failed to disclose: that Northern
Oil’s compliance policies with respect to Securities and Exchange
Commission (“SEC”) regulations and the Company’s Code of Business
Conduct and Ethics were inadequate to detect and/or prevent
misconduct by its officers; that Northern Oil’s CEO Michael Reger
engaged in illegal stock manipulation during his tenure at Northern
Oil; that Mr. Reger was thus unfit to serve as the Company’s CEO;
and as a result of the above, Northern Oil’s public statements were
materially false and misleading at all relevant times. On
August 16, 2016, the Company fired Mr. Reger as CEO after he
disclosed that he received an SEC notice of intent to bring
enforcement action against him. When this news was announced,
shares of Northern Oil fell in value.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160823006142/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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