NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Flotek Industries Inc. (“Flotek” or the “Company”) (NYSE: FTK) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On November 9, 2015, Bronte Capital published a report alleging that the firm’s data was suspicious and 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. Following this news, the company’s stock fell $3.50, or over 19%, to close at $14.60 on November 9, 2015 and was trading below $10.00 per share on intraday trading on November 10, 2015. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.