LOS ANGELES -- (Business Wire)
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) for potential breaches of fiduciary duty on the part of its directors due to allegations that ProPetro may have issued materially misleading business information to the investing public.
The investigation focuses on determining if ProPetro’s Board breached its fiduciary duties to shareholders. Specifically, following the securities lawsuit filed against the Company, Reuters reported the SEC had also opened an investigation. ProPetro revealed on November 13, 2019, that it had found another $3.6 million in related-party transactions. The investigation will determine if ProPetro’s board of directors breached its fiduciary duties to shareholders, grossly mismanaged ProPetro, and/or committed abuses of control as a result of the foregoing.
If you are a shareholder, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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The Schall Law Firm
Brian Schall, Esq.
Source: The Schall Law Firm
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