STOCK ALERT: Rosen Law Firm Reminds Flotek Industries Inc. Investors of Important Deadline in Class Action Filed by Firm – ...
November 19 2015 - 2:11PM
Business Wire
Rosen Law Firm, a global investor rights law firm, reminds
purchasers of Flotek Industries Inc. (NYSE:FTK) securities from
October 23, 2014 through November 9, 2015, all dates inclusive (the
“Class Period”) of the important January 11, 2016 lead plaintiff
deadline in the class action filed by the firm. The lawsuit seeks
to recover damages Flotek Industries investors under the federal
securities laws.
To join the Flotek Industries class action, go to the firm’s
website at http://www.rosenlegal.com/cases-777.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued materially false and misleading statements to investors
and/or failed to disclose that: (1) Flotek Industries’ proprietary
software application—FracMax—had data and process errors; (2) 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; (3) an application from the Company claiming to be
FracMax available in the Apple iTunes Store does not work; and (4)
as a result of the foregoing, the Company’s public statements were
materially false and misleading at all relevant times. When the
true details entered the market, the lawsuit claims that investors
suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
January 11, 2016. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to the firm’s website at
http://www.rosenlegal.com/cases-777.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising. Prior
results do not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151119006513/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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