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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 15, 2019 to file lead plaintiff applications in a securities class action lawsuit against ProPetro Holding Corp. (NYSE: PUMP), if they purchased the Company’s securities issued in connection with its March 2017 initial public offering or between March 17, 2017 and August 8, 2019, inclusive (the “Class Period”).
ProPetro and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 8, 2019, post-market, the Company disclosed a delay to its Q2 report pending a review by its audit committee involving approximately $370,000 of improper reimbursements to senior management and other related-party or potentially conflicted transactions, and that it expected to report a material weakness in its internal control over disclosure.
On this news, the price of ProPetro’s shares plummeted over 26%.
If you purchased securities of ProPetro 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 (email@example.com), or fill out the form on this page.
The case is Logan v. ProPetro Holding Corp., 7:19-cv-00217. Click here to read the case complaint.