Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Liberty Oilfield Services Inc. (LBRT) Investors
If you suffered a loss on your Liberty investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email [email protected] or visit our website at www.glancylaw.com to learn more about your rights.
On February 5, 2020, after the market closed, Liberty issued a press release announcing its financial and operations results for fourth quarter and full year 2019. Therein, Liberty reported full year adjusted EBITDA of
On this news, Liberty's stock price fell
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that there was an oversupply in the hydraulic fracturing services market; (2) that the Company's pricing power was weak; (3) that the Company's services were not increasing and its competition was not decreasing; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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If you purchased Liberty securities pursuant and/or traceable to the IPO, you may move the Court no later than June 2, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100,
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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Glancy Prongay and Murray LLP,
Charles Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
Source: Glancy Prongay & Murray LLP