November 4, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Dakota Plains Holdings Inc (NYSEMKT:DAKP) shares over potential securities laws violations by Dakota Plains Holdings and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dakota Plains Holdings Inc (NYSEMKT:DAKP) concerning whether a series of statements by Dakota Plains Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Dakota Plains Holdings Inc reported that its annual Total Revenue rose from $28.28 million in 2014 to $29.21 million in 2015 while its Net loss increased from $3.26 million in 2014 to $24.97 million in 2015.

On October 31, 2016, the SEC announced that it charged Ryan Gilberston, a co-founder of Dakota Plains, with manipulating [Dakota Plains] stock price and concealing his control of the company to attain lucrative financial payouts. The SEC also announced that Dakota Plains other co-founder, Michael Reger, agreed to pay nearly $8 million to settle separate charges against him in connection with the manipulation of Dakota Plains stock price.

Shares of Dakota Plains Holdings Inc (NYSEMKT:DAKP) closed on November 4, 20156 at $0.035 per share.