January 11 Deadline Alert: GPM Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Lawsuit against ...
January 07 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
upcoming January 11, 2016 deadline to file a lead plaintiff
motion in the class action filed on behalf of a class (the “Class”)
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”). Flotek investors
with over $25,000 in losses are encouraged to contact Lesley
Portnoy, Esquire, to discuss their legal claims in this matter.
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 shares of Flotek during the Class Period, or if
you have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by e-mail
please include your mailing address, telephone number and number of
shares purchased.
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/20160107005191/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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