LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of Texas on behalf of a class (the “Class”) of purchasers of the securities of Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) between October 23, 2014 and November 9, 2015, inclusive (the “Class Period”).
Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
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 are a member of the Class described above, you may move the Court no later than January 11, 2016 to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail 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.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.