【dmv certified brake and light inspection】The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Liberty Oilfield Services Inc. (LBRT)
LOS ANGELES,dmv certified brake and light inspection June 01, 2020 (GLOBE NEWSWIRE) --
The Law Offices of Frank R. Cruz
reminds investors of the upcoming
June 2, 2020
deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Liberty Oilfield Services Inc. ("Liberty" or "the Company") (NYSE:
LBRT
) securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s January 17, 2018 initial public offering (the “IPO” or “Offering”).
If you are a shareholder who suffered a loss, click
here
to participate.
On February 5, 2020, after the market closed, Liberty issued a press release announcing its financial and operations results for fourth quarter and full year 2019. Therein, Liberty reported full year adjusted EBITDA of $277 million, or a 37% decline over the prior year, and diluted earnings per share of $0.53, which fell significantly short of analyst forecasts.
On this news, Liberty's stock price fell $1.07, or over 12%, to close at $7.80 per share on February 6, 2020, thereby injuring investors.
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that there was an oversupply in the hydraulic fracturing services market; (2) that the Company's pricing power was weak; (3) that the Company's services were not increasing and its competition was not decreasing; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Follow us for updates on Twitter:
twitter.com/FRC_LAW
.
If you purchased or otherwise acquired Liberty securities during the Class Period, you may move the Court no later than
June 2, 2020
to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to
, or visit our website at
www.frankcruzlaw.com
. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
Story continues
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
www.frankcruzlaw.com
View comments
(责任编辑:Exploration)
- ·Hedge Funds Aren’t Done Buying Euronav NV (EURN)
- ·Exelon 3Q net squeezed by lower power prices
- ·Fiat Chrysler CEO 2016 compensation was $12 million-filing
- ·Saudi PIF entertainment company plans to build leisure complex in Riyadh
- ·Were Hedge Funds Right About Automatic Data Processing (ADP)?
- ·Siemens Healthineers AG (ETR:SHL): What Can We Expect From This High Growth Stock?
- ·2018 Year-End Portfolio Review
- ·Is DigiTouch S.p.A. (BIT:DGT) A Smart Pick For Income Investors?
- ·IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against PaySign, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·BRIEF-CCOOP Group's 2018 Profit Benefits From Government Subsidies
- ·Freedom Trail and Black Heritage Trail Bring History Into Homes Near and Far
- ·Record Speculative Longs and Hedger Shorts in Silver
- ·Three Understated Metrics For Collector AB (STO:COLL) You Should Know
- ·Is TC Orient Lighting Holdings Limited’s (HKG:515) Balance Sheet A Threat To Its Future?
- ·Wells Fargo CEO tells Congress bank has doubled down on regulatory issues
- ·NY Lawmakers Move Closer to Approving Criminal Justice Reform Legislation
- ·Morning Fix: Young Acts Score Big Grammy Noms, But Bieber Snubbed; Concord Shopped To Equity Firms; Instagram Vs. Twitter
- ·Does Corby Spirit and Wine Limited’s (TSE:CSW.A) Recent Track Record Look Strong?
- ·AppFolio, Inc. Announces First Quarter 2020 Financial Results
- ·Cathay Pacific Honors $16,000 First-Class Fares Sold for $675