Robbins Arroyo LLP: Zion Oil & Gas, Inc. (ZN) Misled Shareholders According to a Recently Filed Shareholder Lawsuit
ZION OIL & GAS (ZN)
US:NASDAQ Investor Relations:
zionoil.com
Company Research
Source: Business Wire
SAN DIEGO & DALLAS--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Zion Oil & Gas, Inc. (Nasdaq: ZN) have filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 12, 2018 and July 10, 2018. Zion is an oil and gas exploration company that operates in Israel. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/zion-oil-gas-inc/ Zion Failed to Disclose it Was the Subject of an SEC Investigation According to the complaint, Zion repeatedly stated in its filings with the Securities and Exchange Commission ("SEC") that "no pending or known threatened claims, actions or proceedings against the Company are expected to have a material adverse effect on its financial position, results of operations or cash flows." Despite
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