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BOSTON, June 9, 2019 (GLOBE NEWSWIRE) – Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, announces that a securities fraud clbad action has been filed against Mammoth Energy Services Inc. (NASDAQ: TUSK) and certain of its officers. Shareholders who have lost money on their investments are encouraged to contact Block & Leviton LLP to find out more.
The current lawsuit claims that between October 19, 2017 and June 5, 2019 (the "Relevant Period"): (1) Mammoth Energy's subsidiary, Cobra, was improperly awarded infrastructure contracts to Puerto Rico for a total amount of over $ 1.8 billion; (2) and as a result, the defendants' statements regarding Mammoth Energy's activities, operations and prospects were materially false and / or misleading.
When the truth was known, Mammoth Energy's share price fell by more than 45%.
If you have purchased shares of Mammoth Energy during the Clbad Period and would like to become involved in the litigation or if you have questions about your rights, you are invited to contact Block & Leviton LLP at (617) 398-5660, by email to the address [email protected]or visiting http://shareholder.law/cases/?case=mammoth.
As a member of the group, you can ask to apply to act as principal applicant or to do nothing and remain a member of the absent group. If you wish to act as principal applicant, you must move the Court by August 6, 2019.
The complaint in this case was filed in the United States District Court, Western District of Oklahoma, and bears the subtitle Scuderi v. Mammoth Energy Services Inc., et al., No. 19-cv-522.
With regard to recoveries in 2017, ISS recently ranked Block & Leviton LLP / LLP as a securities litigation firm. The firm represents many of the largest institutional investors and many individual investors in the country. In fact, his lawyers have recovered billions of dollars for his clients.
This notice may constitute an advertisement for a lawyer.
CONTACT:
BLOCK & LEVITON LLP
Dan DeMaria
Phone (617) 398-5660
260 Franklin Street, Suite 1860
Boston, MA 02110
[email protected]
SOURCE Block & Leviton LLP
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