LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Northern Oil and Gas, Inc. (“Northern Oil” or the “Company”) (NYSE: NOG) investors concerning the Company and its officers’ possible violations of federal securities laws.
Northern Oil is an independent energy company that engages in the acquisition, exploration, development and production of oil and natural gas properties in the United States.
On August 16, 2016, Northern Oil CEO Michael Reger (“Reger”) was fired after notifying the Company that he had received a Wells Notice from the SEC, announcing their intent to bring an enforcement action against Northern Oil. The Wells Notice comes in response to prior SEC investigations from 2012 that revealed questionable trade patterns in the securities of Dakota Plains Holdings, Inc., a company Reger had invested with back in 2008.
On this news, Northern Oil stock fell over 6%, to close at just $3.73 on August 16, 2016.
If you purchased Northern Oil securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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