NEW YORK, Aug. 17, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Northern Oil and Gas, Inc. ("Northern Oil" or the "Company") (NYSE: NOG). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at [email protected] or 212-697-6484.
The investigation concerns whether Northern Oil and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 16, 2016, Northern Oil fired its Chief Executive Officer, Michael Reger, after he admitted to the Company that he is facing sanctions in a U.S. Securities and Exchange Commission investigation. Northern Oil said that Reger was sent a Wells Notice from the SEC regarding its 2012 investigation of Dakota Plains Holdings Inc. Reger was an investor in Dakota Plains Holdings Inc. since 2008. Northern Oil announced that Reger was removed from its board, effective immediately, and that Northern Oil does not believe that Reger will be entitled to any severance payment. Following this news, Northern Oil stock dropped as much $0.31 per share, or 7.79%, to $3.67 during intraday trading on August 16, 2016.
If you purchased Northern Oil shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/nog. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
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