ProPetro Holding Corp. Securities Litigation

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Lawsuit Overview

Defendant:Asante Solutions, Inc.
Date Filed:September 16th, 2019
Sector:N/A
Industry:N/A

According to the Complaint, ProPetro is an oilfield services company that provides hydraulic fracturing and complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company's executive officers were improperly reimbursed for certain expenses; (2) that the Company had engaged in certain undisclosed transactions with related parties; (3) that the Company lacked adequate disclosure controls and procedures; (4) that the Company lacked effective internal control over financial reporting; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Richard Logan, et al. v. ProPetro Holding Corp., et al.

Date Filed:September 16th, 2019
Class Period Start:March 17th, 2017
Class Period End:August 8th, 2019
First Identified Complaint Filings
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