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Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against ProPetro Holding Corp.

OKLAHOMA CITY--(BUSINESS WIRE)--

Federman & Sherwood announces that on September 16, 2019, a class action lawsuit was filed in the United States District Court for the Western District of Texas against ProPetro Holding Corp. (PUMP). The complaint alleges violations of federal securities laws, Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is a) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s March 2017 initial public offering (“IPO or the “Offering”); and/or b) between March 17, 2017 and August 8, 2019, inclusive.

To learn how to participate in this action, please visit https://www.federmanlaw.com/blog/federman-sherwood-announces-the-filing-of-a-securities-class-action-lawsuit-against-propetro-holding-corp/

Plaintiff seeks to recover damages on behalf of persons and entities that purchased or otherwise acquired ProPetro Holding Corp. securities who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Friday, November 15, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Robin Hester
FEDERMAN & SHERWOOD
10205 North Pennsylvania Avenue
Oklahoma City, OK 73120
Email to: rkh@federmanlaw.com
Or, visit the firm’s website at www.federmanlaw.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20190917006103/en/