Levi & Korsinsky Announces ProPetro Holding Class Action Investigation; PUMP Lawsuit

Class Action Reports

Levi & Korsinsky Announces ProPetro Holding Class Action Investigation; PUMP Lawsuit

Levi & Korsinsky, LLP

November 5, 2019

Levi & Korsinsky, LLP announces that a PUMP class action lawsuit has been commenced on behalf of investors who purchased ProPetro Holding Corp. (PUMP) pursuant and/or traceable to the Company’s initial public offering in March 2017 and/or between February 17, 2017 and August 8, 2019. For more on the ProPetro Holding Class Action please contact us today.

According to the ProPetro Holding lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s executive officers were improperly reimbursed for certain expenses; (2) the Company had engaged in certain undisclosed transactions with related parties; (3) the Company lacked adequate disclosure controls and procedures; (4) the Company lacked effective internal control over financial reporting; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE PUMP CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/propetro-holding-corp-loss-form?wire=3

If you suffered a loss in ProPetro Holding you have until November 15, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com