Mammoth Energy Services, Inc. (NASDAQ: TUSK)
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Hagens Berman Sobol Shapiro LLP alerts investors in Mammoth Energy Services, Inc. (NASDAQ: TUSK) to the August 6, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Western District of Oklahoma.
If you purchased or otherwise acquired securities of TUSK between October 19, 2017 and June 5, 2019 and suffered losses you do not need to sign up to be included in the putative class of investors. If you suffered losses and wish to serve as a lead plaintiff – one who selects and oversees the attorneys prosecuting the case – contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing TUSK@hbsslaw.com.
According to the complaint, Defendants misrepresented and concealed that Mammoth’s subsidiary, Cobra obtained infrastructure contracts totaling $1.8 billion with Puerto Rico Electric Power Authority (PREPA) through improper steering and anticompetitive practices.
“We’re focused on investors’ losses and whether the PREPA contracts were awarded to the Company as the result of improper steering and not a competitive RFP process,” said Hagens Berman partner Reed Kathrein.
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There is no cost or fee whatsoever involved in participating in this action. In the event Hagens Berman or any other firm obtains a settlement that provides benefits to class members, the court will decide a reasonable fee to be awarded to the class’ legal team. In no case will any class member ever be asked to pay any out-of-pocket sum.
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