FTSI International Inc. (NYSE: FTSI)

DEFENDANT NAME: FTS International Inc.
STOCK SYMBOL: NYSE: FTSI
CASE NUMBER:
CASE NAME:
COURT: Dallas County, Texas District Court
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD:
LEAD PLAINTIFF DEADLINE:
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 FTSI@hbsslaw.com

Hagens Berman Sobol Shapiro LLP reminds investors in FTS International Inc. (NYSE: FTSI) of the securities class action pending in the Dallas County, Texas District Court.

If you purchased or otherwise acquired shares of FTSI and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing FTSI@hbsslaw.com.

According to the complaint, Defendants misled investors during FTS’ initial public offering by concealing adverse facts about FTS’ business including, in part: (a) the Company faced intense and increasing competition; (b) the Company was not positioned to capitalize on increased demand for hydraulic fracturing services but was positioned to lose market share and suffer decelerating revenue growth; and, (c) the Company’s spike in revenues from related parties leading up to its IPO offering was temporary.

By mid-February 2019, a little more than one year after the Company’s IPO, the price of FTS shares had eroded nearly 50%.

“We’re focused on investors’ losses and the extent to which Defendants may have misled investors,” said Hagens Berman partner Reed Kathrein.


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03/28/19: Investigation