Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Northern Oil & Gas, Inc. Investors & E...
September 14 2016 - 3:47PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that a
class action lawsuit has been filed on behalf of investors who
purchased Northern Oil and Gas, Inc. (“Northern Oil” or the
“Company”) (NYSE: NOG) securities between March 1, 2013 and
August 15, 2016, inclusive (the “Class Period”). Northern Oil
investors have until October 17, 2016 to file a
lead plaintiff motion.
Investors suffering losses on their Northern Oil investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to
shareholders@glancylaw.com.
On August 16, 2016, Northern Oil CEO Michael Reger (“Reger”) was
fired after notifying the Company that he had received a Wells
Notice from the SEC, announcing their intent to bring an
enforcement action against Northern Oil. The Wells Notice comes in
response to prior SEC investigations from 2012 that revealed
questionable trade patterns in the securities of Dakota Plains
Holdings, Inc., a company Reger had invested with back in 2008.
The complaint filed in this lawsuit alleges that investors were
damaged by the sharp decline in Northern Oil shares following news
of the firing of Michael Reger.
If you purchased shares of Northern Oil during the Class Period
you may move the Court no later than October 17,
2016 to ask the Court to appoint you as lead plaintiff if
you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
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/20160914006299/en/
Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224https://www.glancylaw.comshareholders@glancylaw.com
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