NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until August 6, 2019 to file lead plaintiff applications in a securities class action lawsuit against Mammoth Energy Services, Inc. (NasdaqGS: TUSK). Investor losses must relate to purchases of the Company’s securities between October 19, 2017 and June 5, 2019. This action is pending in the United States District Court for the Western District of Oklahoma.
What You May Do
If you purchased securities of Mammoth and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-tusk/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by August 6, 2019.
About the Lawsuit
On May 24, 2019, news sources reported an investigation of a FEMA official for steering power restoration contracts in Puerto Rico to Mammoth’s subsidiary, Cobra Acquisitions LLC. Then, on June 5, 2019, news sources revealed that the FBI had “opened a related criminal inquiry” into the contracts between Cobra and the Puerto Rico Electric Power Authority.
On this news, the price of Mammoth’s shares plummeted.
The case is Scuderi v. Mammoth Energy Services Inc., 5:19cv522.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
