Bronstein, Gewirtz & Grossman Files Class Action Against Flotek Industries
News provided byFlotek Industries, Inc · 1 min read
Bronstein, Gewirtz & Grossman, LLC, a leading investor-rights law firm, has filed a class action lawsuit against Flotek Industries, Inc. (NYSE: FTK) and certain of its officers, alleging violations of federal securities laws.
The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Flotek securities between August 3, 2026, and August 17, 2026, inclusive. Investors are encouraged to join the case by visiting the firm’s website at [bgandg.com/cases/flotek-industries-inc-ftk-class_action_lawsuit](bgandg.com/cases/flotek-industries-inc-ftk-class_action_lawsuit).
According to the Complaint, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that there were credible reasons to doubt the experience, organization, and financial capacity of the consortium parties for PREPA’s power generation project. As a result, the risk of not realizing revenue from the PREPA contract was significant. The lawsuit claims that defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and lacked a reasonable basis.
Peretz Bronstein, a founding partner of Bronstein, Gewirtz & Grossman, LLC, commented, “Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”
Investors who purchased or otherwise acquired Flotek securities within the Class Period and believe they may be eligible to participate in the lawsuit are encouraged to review the Complaint available on the firm’s website. If you suffered a loss in Flotek, you have until October 26, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require you to serve as lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in class actions on a contingency fee basis, meaning they will ask the court to reimburse for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if they are successful.
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