Flotek Investors Face October Deadline in Securities Fraud Lawsuit

The lawsuit, filed by the Rosen Law Firm, alleges that Flotek provided materially false or misleading information concerning its involvement with the Puerto Rico Electric Power Authority. Specifically, the complaint claims the company failed to disclose significant doubts regarding the financial capacity and organizational experience of the consortium parties responsible for the project. These omissions allegedly obscured the risk that expected revenues from the contract would fail to materialize, ultimately damaging shareholder value when the reality of the situation became public.

Those who acquired Flotek stock during the specified class period may be eligible for compensation. While a class action has been initiated, the court has not yet certified a class. Investors retain the right to select their own counsel, remain absent members of the class, or move to lead the litigation. Interested parties can contact Phillip Kim at the Rosen Law Firm to review their participation options before the late-October cutoff.