LOS ANGELES–(BUSINESS WIRE)–$TUSK #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Mammoth Energy
Services, Inc. (“Mammoth” or “the Company”) (NASDAQ: TUSK)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between October 19, 2017
and June 5, 2019, inclusive (the ”Class Period”), are encouraged to
contact the firm before August 6, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Mammoth subsidiary Cobra was awarded two
infrastructure contracts with PREPA totaling more than $1.8 billion. The
contracts were obtained as the result of improper steering and were not
awarded on the basis of a competitive RFP process. Based on these facts,
the Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth about
Mammoth, investors suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
[email protected]
