zn lawsuit, Zion Oil & Gas

Class Action News

Levi & Korsinsky Announces Zion Oil Class Action, ZN Lawsuit

Levi & Korsinsky

August 10, 2018

NEW YORK, August 10, 2018 – Levi & Korsinsky announces a class action on behalf of persons or entities who purchased or otherwise acquired securities of Zion Oil & Gas, Inc. (“Zion”) (NASDAQ: ZION) between March 12, 2018 and July 10, 2018. You are hereby notified that the ZN class action has been commenced in the United States District Court for the Northern District of Texas. To get more information about the Zion Oil lawsuit go to: http://www.zlk.com/pslra-d/zion-oil-gas-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Zion Oil class action alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Zion was either already or was likely to soon become the subject of an U.S. Securities and Exchange Commission investigation; and (2) as a result, Zion’s public statements were materially false and misleading at all relevant times. On March 27, 2018, Zion issued a statement on Twitter, denying an allegation on the social media platform that there was an SEC investigation of the Company underway. On May 30, 2018, the Company tweeted “There is no SEC investigation into Zion Oil & Gas, Inc.” Then on July 11, 2018, Zion announced it had received a subpoena from the SEC to produce documents as part of a fact-finding inquiry. Following this news, shares of Zion fell 11% to close at $3.56 per share on July 12, 2018.

If you suffered a loss in Zion you have until October 9, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.