NEW YORK, Jan. 8, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Flotek Industries Inc. ("Flotek")
(NYSE: FTK) between October 23,
2014 and November 9,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Southern District of
Texas. If you purchased or
otherwise acquired Flotek between October 23, 2014 and November 9, 2015, your rights may be affected by
this action. To get more information go to:
http://zlk.9nl.com/flotek-industries-ftk
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
According to the complaint, throughout the Class Period
defendants issued materially false and misleading statements to
investors and/or failed to disclose that: (1) Flotek's 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.
If you suffered a loss in Flotek you have until
January 11, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation involving financial fraud, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP