Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 6, 2019 to file lead plaintiff applications in a securities class action lawsuit against Mammoth Energy Services, Inc. (NasdaqGS: TUSK).
Mammoth and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 24, 2019, news sources reported that a FEMA official was under investigation for steering power restoration contracts in Puerto Rico to the Company’s subsidiary, Cobra Acquisitions LLC. Then, on June 5, 2019, news sources revealed that the FBI had “opened a related criminal inquiry” into the origin of contracts between Cobra and the Puerto Rico Electric Power Authority.
On this news, the price of Mammoth’s shares plummeted.
If you purchased securities of Mammoth and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Scuderi v. Mammoth Energy Services Inc., 5:19cv522. Click here to read the case complaint.