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Press Release: LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Mammoth Energy Services, Inc. To Contact The Firm


NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Mammoth Energy Services, Inc. (“Mammoth Energy” or the “Company”) (NASDAQ:TUSK) of the August 6, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.If you invested in Mammoth Energy stock or options between October 19, 2017 and June 5, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/TUSKThere is no cost or obligation to you.You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Western District of Oklahoma on behalf of all those who purchased Mammoth Energy securities between October 19, 2017 - June 5, 2019 (the “Class Period”).  The case, Scuderi v. Mammoth Energy Services Inc et al., No. 19-cv-00522 was filed on June 7, 2019, and has been assigned to Judge Scott L. PalkThe lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and or failing to disclose that: (1) Mammoth’s subsidiary, Cobra, improperly obtained two infrastructure contracts with the Puerto Rico Electric Power Authority (“PREPA”) that totaled over $1.8 billion; (2) specifically, the contracts were awarded as the result of improper steering and not a competitive Request For Proposal (“RFP”) process; and (3) as a result, Defendants’ statements about Mammoth’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.  On May 24, 2019, the Wall Street Journal published an article entitled “FEMA Official Probed Over Puerto Rico Power Restoration,” stating...


Posted: 2019-06-12 21:00:00

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