NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Flotek Industries, Inc. (NYSE:FTK) (“Flotek Industries”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On December 7, 2016, FourWorld Capital Management published a report alleging that studies done by Flotek Industries were based on incomplete data and failed to consider key variables in the oil production process, and that if the Company’s primary driver of revenue and profitability, CnF, were repriced to the same level of other generics of its kind, revenues would fall from $60 to $90 million per annum. To obtain additional information, go to:
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