NEW YORK, Aug. 16, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf
of investors of Northern Oil and Gas, Inc. ("Northern Oil" or the "Company") (NYSE: NOG). Such investors are advised to
contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
[Click here to join a
class action]
The investigation concerns whether Northern Oil and certain of its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On August 16, 2016, Northern Oil fired Michael Reger as Chief
Executive Officer after Mr. Reger told the Company that he faces sanctions in a U.S. Securities and Exchange Commission ("SEC")
investigation. The Company reported that Mr. Reger had received a Wells Notice from the SEC in connection with its
investigation of 2012 trading patterns in the securities of Dakota Plains Holdings Inc., a company in which Mr. Reger was an
initial investor in 2008. Northern Oil stated that Mr. Reger has been removed from the Company's board, effective
immediately, and that the Company does not believe that Reger will be entitled to any severance payment.
On this news, Northern Oil stock has fallen $0.31, or 7.79%, to $3.67 during intraday trading on August 16, 2016.
The Pomerantz Firm, with offices in New York, Chicago,
Florida, and Los Angeles, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP