Case Page

 

Case Status:    ONGOING    
On or around 05/02/2017 (Ongoing date of last review)

Filing Date: December 16, 2016

According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Dakota Plains failed to disclose that Defendants had actual control of Dakota Plains’ business and operations; (2) Dakota Plains and its management colluded with Defendants to misappropriate Dakota Plains’ assets for Defendants' 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.

On April 7, 2017, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on May 2.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DAKP
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 16-CV-09727
JUDGE:
DATE FILED: 12/16/2016
CLASS PERIOD START: 03/23/2012
CLASS PERIOD END: 08/15/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 16-CV-09727
JUDGE:
DATE FILED: 05/02/2017
CLASS PERIOD START: 03/23/2012
CLASS PERIOD END: 08/16/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abraham, Fruchter & Twersky LLP
    One Penn Plaza, Suite 2805, Abraham, Fruchter & Twersky LLP, NY 10119
    (212) 279-5050 (212) 279-3655 ·
  2. Cera LLP
    595 Market Street, Suite 2300, Cera LLP, CA 94105
    (415) 777-2230 (415) 777-5189 ·
No Document Title Filing Date