Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Dakota Plains Holdings Inc (OTCMKT: DAKP) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Dakota Plains Holdings Inc (OTCMKT: DAKP) concerning whether a series of statements by Dakota Plains Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 31, 2016, the SEC revealed that it charged Ryan Gilberston, co-founder of Dakota Plains, "with manipulating [Dakota Plains'] stock price and concealing his control of the company to attain lucrative financial payouts." Also, the SEC revealed that Michael Reger, the Company's co-founder, agreed to pay close to $8 million to settle other charges against him in association with the manipulation of Dakota Plains' stock price.
Based in Wayzata, Minnesota, and founded in 2008 Dakota Plains Holdings Inc an integrated midstream energy company, owns, develops, and operates transloading facility in Mountrail County, North Dakota.
If you purchased shares of Dakota Plains Holdings Inc (OTCMKT: DAKP) on or before October 31, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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