Robbins Arroyo LLP: Northern Oil and Gas, Inc. (NOG) Misled Shareholders According to a Recently Filed Class Action

Shareholder rights law firm Robbins Arroyo LLP announces
that a class action complaint was filed against Northern Oil and Gas,
Inc. (NYSE MKT: NOG) in the U.S. District Court for the Southern
District of New York. The complaint is brought on behalf of all
purchasers of Northern securities between March 1, 2013 and August 15,
2016, for alleged violations of the Securities Exchange Act of 1934 by
Northern's officers and directors. Northern is an independent energy
company that engages in the acquisition, exploration, development, and
production of oil and natural gas properties in the United States.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/northern-oil-and-gas-inc

Northern Accused of Misleading Investors About Its Compliance
Inadequacies

According to the complaint, throughout the class period, Northern
submitted several filings with the U.S. Securities and Exchange
Commission ("SEC") detailing the company's Code of Business Conduct and
Ethics (the "Code"). The Code states that "senior executives and
financial officers hold an important and elevated role in maintaining a
commitment to (i) honest and ethical conduct, (ii) full, fair, accurate,
timely and understandable disclosure in the Company's public
communications, and (iii) compliance with applicable government rules
and regulations." Northern's filings also certified that the financial
information was accurate and disclosed any material changes to the
company's internal control over financial reporting.

However, the complaint alleges that Northern officials failed to
disclose that the company's compliance policies with respect to SEC
regulations and the Code were inadequate to detect or prevent misconduct
by Northern's officers. Consequently, the company's Chief Executive
Officer, Michael Reger, was able to engage in illegal stock manipulation
during his tenure at Northern and was thus unfit to serve as Northern's
CEO. On August 16, 2016, Northern fired Reger after he revealed to the
company that he had received a Wells Notice from the SEC and faced
federal sanctions in connection with the SEC's investigation of 2012
trading patterns in the securities of Dakota Plains Holdings, Inc., a
company in which Reger initially invested in 2008. On this news,
Northern stock fell $0.25 per share, or 6.28%, to close at $3.73 per
share on August 16, 2016.

Northern Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Darnell R. Donahue at
(800) 350-6003, DDonahue@robbinsarroyo.com,
or via the shareholder
information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160823006329/en/

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