Northern Oil and Gas Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Northern Oil and Gas Inc |
Stock Symbol : | NYSEMKT: NOG |
Class Period Start: | 03/01/2013 |
Class Period End: | 08/15/2016 |
Lead Plaintiff motion: | 10/17/2016 |
Date Filed: | 08/18/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 17, 2016 lead plaintiff deadline in a class action lawsuit filed against Northern Oil and Gas Inc (NYSEMKT: NOG) (“Northern Oil” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Northern Oil and Gas Inc securities between March 1, 2013 and August 15, 2016, have until October 17, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Northern Oil and Gas Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Northern Oil’s compliance policies with respect to SEC regulations and the Company’s Code of Business Conduct and Ethics were inadequate to detect and/or prevent misconduct by the Company’s officers; as a result, the Company’s Chief Executive Officer (“CEO”), Defendant Michael Reger, was able to engage in illegal stock manipulation during his tenure at Northern Oil and was consequently unfit to serve as Northern Oil’s CEO. On August 16, 2016, the Company fired Reger as CEO after he disclosed that he received an SEC notice of intent to bring enforcement action against him. On this news, NYSEMKT: NOG dropped $0.25 per share, or 6.28%, to close at $3.73 on August 16, 2016. If you were negatively impacted by your investment in Northern Oil and Gas Inc securities between March 1, 2013 and August 15, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |