World News: 19:01 GMT Wednesday 12th June 2019. [Schall Law via Globe Newswire via SPi World News]
LOS ANGELES, June 12, 2019 (GLOBE NEWSWIRE) -- , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Mammoth Energy Services, Inc. (“Mammoth” or “the Company”) (NASDAQ: ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between October 19, 2017 and June 5, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before August 6, 2019.
If you are a shareholder who suffered a loss, .
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at , or by email at .
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Mammoth subsidiary Cobra was awarded two infrastructure contracts with PREPA totaling more than $1.8 billion. The contracts were obtained as the result of improper steering and were not awarded on the basis of a competitive RFP process. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Mammoth, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm Brian Schall, Esq., Office: 310-301-3335Cell: 424-303-1964
The Schall Law Firm
Globe Newswire: 19:01 GMT Wednesday 12th June 2019
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