BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims 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. The Law Offices of Howard G. Smith is preparing a lawsuit to recover damages on behalf of Flotek 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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