BENSALEM, Pa.–(BUSINESS WIRE)–$TUSK #classaction–Law Offices of Howard G. Smith 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.
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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
