Gustafson Gluek is investigating claims on behalf of investors in Northern Oil & Gas, Inc. (NYSE: NOG) regarding whether certain officers and/or directors may have breached their fiduciary duties and/or engaged in stock manipulation, in violation of federal securities laws.
The investigation concerns the following events, among others:
On August 11, 2016, Michael Reger informed Northern Oil & Gas that the SEC had issued him a Wells Notice, a preliminary recommendation for enforcement action. The notice was in connection with the SEC’s investigation of 2012 trading patterns in Dakota Plains Holding, Inc., a company Mr. Reger helped start with several partners. On August 16, 2016, Northern Oil & Gas fired Mr. Reger as CEO without severance. Upon this announcement, NOG shares fell in value.
If you have purchased Northern Oil & Gas shares and wish to discuss your options, or if you are aware of any facts related to this investigation, or if you want to get more information—please contact us by telephone or online at the form below.