FLOTEK SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess...
November 13 2015 - 10:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
January 11, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Flotek Industries Inc. (NYSE:FTK) if they purchased
the Company’s securities between October 23, 2014 and November 9,
2015, inclusive (the “Class Period”). This action is pending
in the United States District Court for the Southern District of
Texas.
What You May Do
If you purchased shares of Flotek and would like
to discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you
must petition the Court by January 11, 2016.
About the Lawsuit
Flotek and certain of its executives are charged
with failing to disclose material information during the Class
Period, violating federal securities laws.
These false statements and omissions included,
in part, that: (i) Flotek’s proprietary software application
FracMax had data and process errors; (ii) the reported production
data from FracMax for three of the wells in the Company’s New York
City Investor Presentation on September 11, 2015 were inaccurate;
and (iii) an application from Flotek claiming to be FracMax
available in the Apple iTunes Store does not work.
On this news, the price of Flotek’s stock
plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana
Attorney General Charles C. Foti, Jr., is a law firm focused on
securities, antitrust and consumer class actions, along with merger
& acquisition and breach of fiduciary litigation against
publicly traded companies on behalf of shareholders. The firm has
offices in New York, California and Louisiana.
To learn more about KSF, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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