Investigation Overview
May 15, 2015 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Dakota Plains Holdings Inc (NYSEMKT:DAKP) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Dakota Plains Holdings.
The investigation by a law firm concerns whether certain Dakota Plains Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Shares of Dakota Plains Holdings Inc (NYSEMKT:DAKP) grew from under $1 per share in December 2014 to as high as $2.17 per share on March 13, 2015.
On March 15, 2015, Dakota Plains Holdings Inc (NYSEMKT:DAKP) reported its fourth quarter and full year 2014 financial results. Dakota Plains Holdings Inc reported that its annual Total Revenue rose from $0.35 million in 2013 to $28.28 million in 2014 and that its Net Loss increased from $1.73 million in 2013 to $3.26 million in 2014.