Our attorneys are investigating legal claims on behalf of investors who suffered losses in Zion Oil & Gas, Inc. (NASDAQ: ZN).

Specifically, our investment lawyers are investigating Zion for potential violations of federal securities laws, as well as claims on behalf of investors who purchased shares or private placements in Zion Oil based on a broker or financial advisor recommendation. Many Zion Oil & Gas investors reportedly purchased shares through Network 1 Financial Services.

Did You Lose Money in Zion Oil & Gas?

You may have legal claims to recover your losses. Contact us for a free, confidential consultation with a securities attorney.

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Zion Discloses SEC Subpoena; Share Price Plummets

Zion operates as an oil and gas exploration company in Israel. Zion currently holds one active petroleum exploration license in Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres.

On July 11, 2018, Zion disclosed that it had received a subpoena to produce documents from the SEC, informing Zion of the existence of a non-public, fact-finding inquiry into the Company. Zion advised investors that its “response to the subpoena will necessarily entail significant costs and management’s attention.”

On this news, the share price of Zion fell 11% to close at $3.56 on July 12, 2018, causing significant harm to Zion investors.

Our Team

Eric Gibbs

Eric has served in leadership positions in a number of high profile, complex financial lawsuits. He has been recognized as a Daily Journal Top Plaintiff Lawyer in California, among the Top 100 Super Lawyers in Northern California, and a Law360 MVP for Consumer Protection.

David Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the “Top 40 Under 40” by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda represents investors in securities litigation. She previously served as a law clerk to the Honorable Richard A. Paez, United States Court of Appeals for the Ninth Circuit, and as a law clerk to the Honorable Claudia Wilken, Northern District of California.

Michael Schrag

Michael has over 20 years of experience representing individuals in complex cases involving banking credit card and other financial frauds.

Noteworthy Financial Fraud Cases

American Express Financial Advisors Securities Litigation $100 million cash settlement for clients alleging American Express steered them into under-performing “shelf space funds” to reap kickbacks
Chase Bank “Check Loan” Litigation $100 million settlement for consumers alleging Chase offered long-term fixed-rate loans, only to later more-than-double required payments
Peregrine Financial Group Customer Litigation Settlements worth $75 million for futures and commodities investors who lost millions in the collapse of Peregrine Financial Group, Inc.
NantHealth Court-appointed Co-Lead Counsel in a securities class action alleging the company’s founder violated federal securities law and artificially inflated stock prices

 

About Girard Gibbs

Girard Gibbs’ financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).