January 11 Deadline Alert: Law Offices of Howard G. Smith Reminds Flotek Industries, Inc. Investors of Upcoming Lead Plaintif...
January 06 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming January 11, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Flotek Industries, Inc. (“Flotek” or the “Company”)
(NYSE: FTK) securities between October 23, 2014 and November 9,
2015, inclusive (the “Class Period”). Investors who suffered losses
on their investment in Flotek securities are encouraged to contact
the Law Offices of Howard G. Smith to discuss their legal
rights.
Flotek is a global developer and distributor of a portfolio of
oilfield technologies, including specialty chemicals, down-hole
drilling and production equipment. It serves major and independent
companies in the domestic and international oilfield service
industry.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements and/or failed to
disclose the following: (1) the data used in the Company’s
comparison of wells using and not using CnF was misreported; (2)
the Company’s FracMax application did not perform as claimed; (3)
the Company lacked adequate internal controls; and (4) as a result
of the foregoing, the Company’s statements about its business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis.
If you purchased Flotek shares, you may move the Court no later
than January 11, 2016 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160106005410/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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