FLOTEK INDUSTRIES SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP Announces That a Class Action Lawsuit Against ...
November 18 2015 - 5:00PM
Wolf Haldenstein Adler Freeman & Herz LLP announces that a
class action lawsuit has been filed in United States District Court
for the Southern District of Texas on behalf of all persons or
entities that purchased the securities of Flotek Industries, Inc.
(NYSE:FTK) ("Flotek" or the "Company") between October 23, 2014 and
November 9, 2015, inclusive (the "Class Period").
Shareholders who incurred losses on
shares purchased within the Class Period are urged to contact the
firm immediately at classmember@whafh.com or (800)
575-0735 or (212) 545-4774.
If you purchased the shares of Flotek
Industries, Inc. during the period October 23, 2014
through November 9, 2015, inclusive, you may, no later
than January 11, 2016 request that the Court appoint you
lead plaintiff of the proposed class.
The filed lawsuit alleges that throughout the
Class Period, the Company issued materially false and misleading
statements to investors regarding its proprietary software
application FracMax. On November 9, 2015, an analyst firm published
a report stating that the information released in a Company
presentation on September 11, 2015 was inaccurate and that an
available version of FracMax did not work. On this news, Flotek’s
stock price declined from $18.10 to $14.60 per share. On November
10, 2015, the Company issued a press release admitting some of its
errors. In reaction, the stock price declined further to $9.04 per
share.
Wolf Haldenstein has extensive experience in the
prosecution of securities class actions and derivative litigation
in state and federal trial and appellate courts across the
country. The firm has attorneys in various practice areas;
and offices in New York, Chicago and San Diego. The
reputation and expertise of this firm in shareholder and other
class litigation has been repeatedly recognized by the courts,
which have appointed it to major positions in complex securities
multi-district and consolidated litigation.
If you wish to discuss this action or have any
questions regarding your rights and interests in this case, please
immediately contact Wolf Haldenstein Adler Freeman & Herz LLP
by telephone at (800) 575-0735, via e-mail at
classmember@whafh.com, or visit our website at www.whafh.com.
All e-mail correspondence should make reference to the “Flotek
Investigation.”
Attorney Advertising. Prior results do not
guarantee or predict a similar outcome.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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