LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed in the USDC for the Southern District of Texas against Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) concerning possible violations of federal securities laws between October 23, 2014 and November 9, 2015. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the January 11, 2016, lead plaintiff motion deadline.
To join this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at firstname.lastname@example.org.
According to the lawsuit, the Company made 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; and (3) an application from the Company claiming to be FracMax available in the Apple iTunes Store does not work.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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