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Mammoth Energy Services, Inc. (NasdaqGS: TUSK)

Mammoth Energy Services, Inc. (NasdaqGS: TUSK)

Company Name: Mammoth Energy Services, Inc.
Stock Symbol: NasdaqGS: TUSK
Class Period Start: 10/19/2017
Class Period End (inclusive): 10/19/2017
Filing Deadline: 08/06/2019
Court: Western District of Oklahoma

Case Details

The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until August 6th, 2019 to file lead plaintiff applications in a securities class action lawsuit against Mammoth Energy Services, Inc.

Mammoth and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On May 24, 2019, news sources reported that a FEMA official was under investigation for steering power restoration contracts in Puerto Rico to the Company’s subsidiary, Cobra Acquisitions LLC. Then, on June 5, 2019, news sources revealed that the FBI had “opened a related criminal inquiry” into the origin of contracts between Cobra and the Puerto Rico Electric Power Authority.

On this news, the price of Mammoth’s shares plummeted.

If you purchased securities of Mammoth Energy Services, Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.

The case is Scuderi v. Mammoth Energy Services Inc., 5:19cv522.  Click here for full case complaint.