IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Northern Oil and Gas, Inc. and Encourages Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / August 31, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against Northern Oil and Gas, Inc. (“Northern Oil” or the “Company”) (NYSE MKT: NOG). Investors who purchased or otherwise acquired shares between March 1, 2013 and August 15, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the October 17, 2016 lead plaintiff motion deadline.
If you purchased shares of Northern Oil during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive 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 announced, shares of Northern Oil fell in value, causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 444590