INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Northern Oil and Gas, Inc. and Encourages Investors with Losses to Contact the Firm
Goldberg
Law PC (the “Firm”) announces that a class action lawsuit has been
filed against Northern Oil and Gas, Inc. (“Northern Oil” or the
“Company”) (NYSE: NOG). Investors who purchased or otherwise acquired
shares between March 1, 2013 and August 15, 2016 (the “Class Period”)
are encouraged to contact the Firm in advance of the October
17, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click
here to participate. In addition, we advise you to contact
Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the
Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss
your rights without cost to you. You can also reach us through the
firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, 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
disclosed, shares of Northern Oil fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160819005712/en/
Copyright Business Wire 2016
Source: Business Wire
(August 19, 2016 - 4:58 PM EDT)
News by QuoteMedia
www.quotemedia.com