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.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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