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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Zion Oil & Gas Inc (NASDAQ: ZN) 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 Zion Oil & Gas Inc (NASDAQ: ZN) concerning whether a series of statements by Zion Oil & Gas Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 11, 2018 Zion Oil & Gas Inc revealed that the Company had received a subpoena from the Fort Worth office of the Securities and Exchange Commission, notifying Zion of the existence of a non-public, fact-finding inquiry into the Company, and requesting the production of documents.
On this news, NASDAQ: ZN fell from $4.00 to $3.56 per share, or 11% percent.
Based in Dallas, Texas, and founded in 2000 Zion Oil & Gas Inc operates as an oil and gas exploration company in Israel.
If you purchased shares of Zion Oil & Gas Inc (NASDAQ: ZN) on or before July 11, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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