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Lawsuit for Investors in ProPetro Holding Corp. (NYSE: PUMP) shares announced by Shareholders Foundation

2019-12-03 08:00 ET - News Release

SAN DIEGO, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: PUMP shares. 

Investors, who purchased shares of ProPetro Holding Corp. (NYSE: PUMP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. 

On September 16, 2019, a lawsuit was filed against ProPetro Holding Corp over alleged securities laws violations. The plaintiff alleges that the Defendants failed to disclose to investors, that the Company’s executive officers were improperly reimbursed for certain expenses, that the Company had engaged in certain undisclosed transactions with related parties, that the Company lacked adequate disclosure controls and procedures, that the Company lacked effective internal control over financial reporting, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. 

Those who purchased ProPetro Holding Corp. (NYSE: PUMP) shares should contact the Shareholders Foundation, Inc.  

Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108 

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. 

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