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Zion Oil & Gas Inc.
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Utility | Filed: March 30, 2020 | Entered: March 31, 2020 Peak et al v. Zion Oil & Gas Inc et al
Other Statutes: Securities/Commodities/Exchange | Texas Northern
Terminate Civil Case (Optional)
Civil Case Terminated per 49 Notice of Dismissal. (ndt)
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Notice | Filed: March 30, 2020 | Entered: March 30, 2020 Peak et al v. Zion Oil & Gas Inc et al
Other Statutes: Securities/Commodities/Exchange | Texas Northern
Notice (Other)
NOTICE of Dismissal filed by Lawrence Davis, Melody Guy, Dennis Robertson (Jafri, Omar)
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Order | Filed: March 03, 2020 Peak et al v. Zion Oil & Gas Inc et al
Other Statutes: Securities/Commodities/Exchange | Texas Northern
Order
Memorandum Opinion and Order: For these reasons, the Court GRANTS IN PART the defendants' motion to dismiss. The Court DISMISSES WITHOUT PREJUDICE the lead plaintiffs' Securities Act claims due to lack of standing. And the Court DISMISS ES WITHOUT PREJUDICE the lead plaintiffs' Exchange Act claims for failure to comply with the pertinent pleading standards. The lead plaintiffs must refile their complaint within 28 days of the issuance of this order. Additionally, the Court D ENIES the motion to strike any material this order references. To the extent such materials are not referenced in this order, the Court DENIES WITHOUT PREJUDICE the motion to strike. Finally, the Court construes the request for oral argument as a motion for leave to file a sur-reply and GRANTS it. (Ordered by Judge Brantley Starr on 3/3/2020) (ndt)
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