An investigation on behalf of current long term investors in ProPetro Holding Corp. (NYSE: PUMP) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/13/2020 -- Certain directors of ProPetro Holding Corp. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in ProPetro Holding Corp. (NYSE: PUMP) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: PUMP stocks follows a lawsuit filed against ProPetro Holding Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PUMP stocks, concerns whether certain ProPetro Holding Corp. directors are liable in connection with the allegations made in that lawsuit.
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 shares of ProPetro Holding Corp. (NYSE: PUMP) have certain options and should contact the Shareholders Foundation.
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