BOSTON, Dec. 31, 2015 (GLOBE NEWSWIRE) -- Block & Leviton LLP is reminding investors that the deadline for seeking lead plaintiff status in the pending securities class action against Flotek is January 11, 2016. Investors who purchased Flotek securities between October 23, 2014 and November 9, 2015 are eligible for inclusion in the action, and to be considered as lead plaintiffs. Block & Leviton is the law firm that has already filed Schonder, et al. v. Flotek Industries, Inc., et al., No. 4:15-cv-03432 (S.D. Tex.) against Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE:FTK) and certain of its executives.
The pending actions charge that the Company and certain of its executives made false and/or misleading representations about the Company’s citrus-based CnF product and its FracMax software system in investor presentations and other public statements. When the company admitted those falsehoods on November 10, 2015, Flotek shares plunged over 50%.
Flotek investors are reminded that if they wish to become a lead plaintiff, they must file a motion by January 11, 2016.
If you are interested in becoming a lead plaintiff, have questions about your legal rights, or if you have information relevant to this investigation, please contact attorneys Jake Walker of Block & Leviton LLP at (617) 398-5600 or at Jake@blockesq.com. You may also retain counsel of your own choosing. Confidentiality for any whistleblowers or other persons with information relevant to the investigation is assured.
Block & Leviton represents investors for violations of securities laws as well as whistleblowing employees who provide information about their employers’ violations of law throughout the country. The firm’s lawyers have collectively been prosecuting securities cases for over 70 years, have recovered billions of dollars for investors and represent some of the nation’s largest institutional investors.
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Contact: BLOCK & LEVITON LLP Jake Walker Jake@blockesq.com (617) 398-5600
Source:Block & Leviton LLP