LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Flotek Industries Inc. (“Flotek” or the “Company”) (NYSE:FTK) concerning the Company’s and its officers’ possible violations of federal securities laws and in connection with Flotek’s allegedly misleading statements to investors.
Flotek develops and supplies products to the oil, gas and mining industries. On November 9, 2015, analyst firm Bronte Capital published a report on Flotek asserting that Flotek used false data when speaking to investors and comparing wells using the Company’s products and those wells that do not use the Company’s products. On this news, shares of Flotek fell $3.50 per share or nearly 20% to close at $14.60 per share on November 9, 2015, thereby damaging investors. GPM is representing investors that have been damaged by the sharp decline in the Flotek stock price.
If you purchased Flotek securities, 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 Casey Sadler of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
About the Firm: GPM has represented investors, consumers and employees for 25 years. Based in Los Angeles with offices in New York City and Berkeley, the Firm has successfully prosecuted class action cases and complex litigation in federal and state courts throughout the country. As Lead Counsel or as a member of Plaintiffs’ Counsel Executive Committees, the Firm has recovered billions of dollars for parties wronged by corporate fraud and malfeasance.
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