LOS ANGELES–(BUSINESS WIRE)–$TUSK #CLASSACTION–Glancy Prongay & Murray LLP (“GPM”) announces the continuation of its
investigation on behalf of Mammoth Energy Services, Inc. (“Mammoth
Energy” or the “Company”) (NASDAQ: TUSK)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
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, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On May 24, 2019, the Wall Street Journal reported that a FEMA official
involved in the reconstruction of Puerto Rico following Hurricane Maria
is under investigation for directing electrical grid work contracts to a
Mammoth Energy subsidiary, worth up to $900 million and $945 million
each.
On this news, the Company’s share price fell $0.50 per share, or over
4%, to close at $11.74 on May 24, 2019, thereby injuring investors.
Then, on June 5, 2019, the Wall Street Journal reported that a Mammoth
Energy subsidiary was under investigation by the Federal Bureau of
Investigation and the Department of Homeland Security “examining how the
[Company] came to dominate the power restoration efforts” in Puerto Rico.
On this news, the Company’s share price fell $5.09 per share, or over
45%, over two trading sessions to close at $6.11 on June 6, 2019,
thereby injuring investors further.
If you purchased Mammoth Energy securities, have information, or would
like to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at
888-773-9224, or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
