NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, issue this update to purchasers of Dakota Plains Holdings, Inc. securities (OTC: DAKPQ, DAKP) from March 23, 2012 through August 15, 2016, both dates inclusive (the “Class Period”) in light of the Company’s recent bankruptcy filing. While the bankruptcy may add delay to the lawsuit filed by The Rosen Law Firm, the case will proceed forward against certain other defendants in the case to achieve a recovery for investors. The firm also reminds investors of the important February 14, 2017 lead plaintiff deadline in the class action.
To join the Dakota Plains class action, go to http://www.rosenlegal.com/cases-976.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Dakota Plains failed to disclose that Ryan Gilbertson and Michael L. Reger, co-founders of Dakota Plains predecessor company, had actual control of Dakota Plains’ business and operations; (2) Dakota Plains and its management colluded with Gilbertson and Reger to misappropriate Dakota Plains’ assets for Gilbertson and Reger’s personal gains at the expenses of Dakota Plains investors; (3) Dakota Plains lacked effective and adequate internal control; and (4) as a result, Defendants’ public statements about Dakota Plains’ business, operations and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-976.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org. Attorney Advertising. Prior results do not guarantee a similar outcome.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.