Rosen Law Firm announces Flotek securities class action
Rosen Law Firm said investors who bought Flotek Industries securities during an Aug. 3 to Aug. 17, 2026 class period may seek to serve as lead plaintiff by Oct. 26, 2026.
Rosen Law Firm said investors who bought Flotek Industries securities during an Aug. 3 to Aug. 17, 2026 class period may seek to serve as lead plaintiff by Oct. 26, 2026.
What happened
Rosen Law Firm announced a securities class action lawsuit on behalf of purchasers of Flotek Industries, Inc. securities, NYSE: FTK, during a class period that runs from Aug. 3, 2026, through Aug. 17, 2026, inclusive. The notice was published Aug. 31, 2026, through PR Newswire.
The firm said the lawsuit has already been filed. It also said investors who want to serve as lead plaintiff must move the court no later than Oct. 26, 2026.
Why it matters
The notice says the case centers on allegations that investors were misled about Flotek's business, operations and prospects. According to the announcement, the issue involved concerns about the consortium parties tied to the Puerto Rico Electric Power Authority, or PREPA, power generation project.
Rosen Law Firm said the complaint alleges that those concerns created a risk that revenue from the PREPA contract would not be realized. The notice also says investors may be entitled to compensation without paying out-of-pocket fees or costs through a contingency fee arrangement.
Context and background
In the notice, the firm said the case is based on claims that defendants made materially false and misleading statements and/or failed to disclose the concerns around the PREPA project. It said the alleged statements were materially misleading and/or lacked a reasonable basis.
The announcement says investors suffered damages when the true details entered the market. It also states that no class has been certified yet.
What happens next
According to the notice, investors who want to pursue lead-plaintiff status must file by Oct. 26, 2026. The announcement includes contact information for Phillip Kim, Esq., and a link for investors who want to join the action.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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