Glancy Prongay & Murray LLP (“GPM”) announces that it has
filed a class action lawsuit in the United States District Court for the
Southern District of Texas on behalf of a class (the “Class”) of
purchasers of the securities of Flotek Industries, Inc. (“Flotek” or the
“Company”) (NYSE: FTK) between October 23, 2014 and November 9, 2015,
inclusive (the “Class Period”).
Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email, please include your
mailing address, telephone number, and number of shares purchased.
Flotek is a global developer and distributor of a portfolio of oilfield
technologies, including specialty chemicals, down-hole drilling and
production equipment. It serves major and independent companies in the
domestic and international oilfield service industry.
The Complaint alleges that throughout the Class Period, Defendants made
false and/or misleading statements and/or failed to disclose the
following: (1) the data used in the Company’s comparison of wells using
and not using CnF was misreported; (2) the Company’s FracMax application
did not perform as claimed; (3) the Company lacked adequate internal
controls; and (4) as a result of the foregoing, the Company’s statements
about its business, operations, and prospects, were false and misleading
and/or lacked a reasonable basis.
If you are a member of the Class described above, you may move the Court
no later than January 11, 2016 to serve as lead plaintiff, if you
meet certain legal requirements. To be a member of the Class you need
not take any action at this time; you may retain counsel of your choice
or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay &
Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California
90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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