LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Zion Oil & Gas, Inc. (“Zion” or “the Company”) (NASDAQ: ZN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Zion disclosed on July 11, 2018, that it had received a subpoena from the SEC to produce documents. The SEC subpoena informed Zion of the “existence of a non-public, fact-finding inquiry into the Company.” Based on this news, Zion’s stock price fell 11% on July 12, 2018.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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