Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Liberty Oilfield Services Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Liberty Oilfield Services Inc. (“Liberty Oilfield” or the “Company”) (NYSE:LBRT) of the June 2, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Liberty Oilfield stock or options pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Liberty Oilfield’s January 2018 initial public offering (the “IPO” or “Offering”), and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Liberty Oilfield securities pursuant and/or traceable to the Registration Statement in connection with the Company’s January 2018 IPO. The case, Joseph v. Liberty Oilfield Services, Inc. et al., No. 1:20-cv-00946 was filed on April 3, 2020, and has been assigned to Magistrate Judge Scott T. Varholak.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by issuing a Registration Statement that featured false and/or misleading statements and/or failed to disclose that: (1) there was an oversupply in the hydraulic fracturing services market; (2) the Company's pricing power was weak; (3) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
The price of Liberty Oilfield’s securities has plummeted since the IPO. Liberty Oilfield securities have traded significantly lower than the IPO price of $17.00 per share.
Liberty Oilfield Services Inc.
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Filed on 04/13/2020
Lead Plaintiff Deadline 06/02/2020
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Richard W. Gonnello firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331