LOS ANGELES, CA / ACCESSWIRE / September 19, 2016 / Lundin Law PC (the "Firm") announces a class action lawsuit has been filed against Northern Oil and Gas, Inc. ("Northern Oil" or the "Company") (NYSE: NOG) concerning possible violations of federal securities laws between March 1, 2013 and August 15, 2016 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 17, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company made false and misleading statements and/or failed to disclose: that Northern Oil's compliance policies for 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 the true details emerged to the public, the stock price of Northern Oil dropped, which caused investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
SOURCE: Lundin Law PC
ReleaseID: 445589
