Flotek Industries Shareholders Can Lead Securities Fraud Lawsuit
The Law Offices of Howard G. Smith is seeking investors who have suffered substantial losses in Flotek Industries, Inc. as part of an ongoing securities fraud class action. The deadline to be considered for lead plaintiff is October 26, 2026.
The Law Offices of Howard G. Smith has announced it is seeking investors who sustained significant losses in Flotek Industries, Inc. This action relates to an ongoing securities fraud class action lawsuit, with a deadline of October 26, 2026, for potential lead plaintiffs to come forward.
The lawsuit alleges that Flotek Industries and its executives made materially false or misleading statements and failed to disclose adverse facts concerning the company's business, operations, and prospects. Specifically, the complaint claims that defendants failed to inform investors about credible reasons to doubt the experience, organization, and financial capacity of consortium parties involved in the PREPA power generation project.
These alleged omissions, according to the suit, created a risk that revenue from the PREPA contract would not be realized, rendering the company's positive statements misleading. The period in question spans from August 3, 2026, to August 17, 2026. The law firm encourages investors who experienced losses during this timeframe to contact them to discuss their legal rights.
Individuals may participate in the class action by retaining their own counsel or remaining an absent class member. No action is required at this time to be part of the class.