Mammoth Energy Services Inc. Securities Litigation

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Lawsuit Overview

Defendant:Mammoth Energy Services, Inc.
Date Filed:June 7th, 2019
Industry:Oilfield Services/Equipment
Class Start Date:October 19th, 2017
Class End Date:June 5th, 2019

According to the Complaint, Mammoth Energy Services Inc. purports to operate as an oilfield service company operating in three segments: Infrastructure Services, Pressure Pumping Services, and Natural Sand Proppant

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Mammoth's subsidiary, Cobra, improperly obtained two infrastructure contracts with PREPA that totaled over $1.8 billion; (2) specifically, the contracts were awarded as the result of improper steering and not a competitive RFP process; and (3) as a result, Defendants' statements about Mammoth's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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First Identified Complaint

Thomas Scuderi, et al. v. Mammoth Energy Services Inc., et al.

Date Filed:June 7th, 2019
Class Period Start:October 19th, 2017
Class Period End:June 5th, 2019
First Identified Complaint Filings
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