NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces an
investigation of potential securities claims on behalf of investors of
Mammoth Energy Services, Inc. (NASDAQ: TUSK) resulting from allegations
that Mammoth may have issued materially misleading business information
to the investing public.
On May 24, 2019, the Wall Street Journal published an article
entitled “FEMA Official Probed Over Puerto Rico Power Restoration”.
According to the article, a high-ranking Federal Emergency Management
Agency official who oversaw the reconstruction of Puerto Rico’s
electrical grid after Hurricane Maria is under investigation for
allegedly steering work to Cobra, a Mammoth subsidiary. The subsidiary
had signed separate contracts worth up to $900 million and $945 million
to repair downed transmission and distribution lines in Puerto Rico.
On this news, Mammoth’s stock price fell $0.50 per share, or
approximately 4%, to close at $11.74 per share on May 24, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Mammoth investors. If you purchased shares of Mammoth,
please visit the firm’s website at https://www.rosenlegal.com/cases-register-1587.html
to join the class action. You may also contact Phillip Kim of Rosen Law
Firm toll free at 866-767-3653 or via email at [email protected]
or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013. Rosen
Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275
Madison Avenue, 34th Floor
New York, NY 10016
Tel:
(212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
