Cases
Dakota Plains Holdings, Inc. (OTC BB : DAKP)
Securities Class Action
Overview
Overview
- Date:
- 12/19/2016
- Company Name:
- Dakota Plains Hodlings, Inc.
- Stock Symbol:
- DAKP
- Class Period:
- FROM 3/23/2012 TO 8/15/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, December 19, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the New York Southern District Court on behalf of all persons or entities who acquired the Dakota Plains Holdings, Inc. (OTC BB: DAKP) securities between March 23, 2012 to August 15, 2016 (the “Class Period”).
The Complaint alleges that during the Class Period, Dakota Plains made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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; (3) that Dakota Plains did not have effective and adequate internal control; and (4) 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 acquired Dakota Plains securities during the Class Period, 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 Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that during the Class Period, Dakota Plains made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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; (3) that Dakota Plains did not have effective and adequate internal control; and (4) 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 acquired Dakota Plains securities during the Class Period, 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 Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.