Flotek Industries Shareholders Offered Chance to Lead Securities Fraud Lawsuit
Investors who lost money in Flotek Industries stock between August 3-17, 2026, can seek to lead a securities fraud lawsuit. The suit alleges the company made misleading statements regarding a power project contract.
The law firm Glancy Prongay Wolke & Rotter LLP has announced that investors who sustained losses in Flotek Industries, Inc. during a specific period are invited to take the lead in a securities fraud class action lawsuit. The complaint alleges that the company's management made materially false or misleading statements and failed to disclose adverse information about its business operations and prospects.
The lawsuit specifically targets statements made by Flotek concerning revenue expectations from a contract with PREPA for a power generation project. The complaint claims investors were not adequately informed about the experience, organization, or financial capacity of the consortium parties involved in the project, raising doubts about the realization of anticipated revenue.
Investors who wish to serve as the lead plaintiff and guide the litigation must file a motion with the court by October 26, 2026. Glancy Prongay Wolke & Rotter LLP is available to advise potential lead plaintiffs on their rights and the process of recovering losses.
This action is in its preliminary stages, and no class has yet been certified. Shareholders who purchased Flotek securities during the alleged class period have the option to participate as a lead plaintiff or remain an absent class member without further obligation.