IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Dakota Plains Holdings, Inc. (“Dakota Plains” or the “Company”) (DAKP). Investors, who purchased or otherwise acquired shares between March 23, 2012 and August 15, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the February 14, 2017 lead plaintiff motion deadline.
If you purchased shares of Dakota Plains during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
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, Dakota Plains made false and/or misleading statements and/or failed to disclose that: the Company did not reveal that Ryan Gilbertson and Michael L. Reger, co-founders of a different Dakota Plains company, maintained control of Dakota Plains’ business and operations; that Dakota Plains and its management worked with Gilbertson and Reger to misappropriate Dakota Plains’ assets for Gilbertson and Reger’s benefits, while harming Dakota Plains investors; that Dakota Plains did not have effective and adequate internal control; and that as a result of the above, Dakota Plains’ public statements about its business, operations and prospects were materially false and misleading at all relevant times. When this information was revealed to the public, the value of Dakota Plains dropped, causing investors serious harm.
If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
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