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ProPetro Holdings Corp. (NYSE: PUMP)

Securities Class Action

  • Date:
  • 10/9/2019
  • Company Name:
  • ProPetro Holdings Corp.
  • Stock Symbol:
  • PUMP
  • Class Period:
  • FROM 3/14/2017 TO 8/8/2019
  • Status:
  • Investigating
  • Court:
  • U.S. District Court: District of Western Texas

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NEW YORK, December 5, 2019 –Bragar Eagel and Squire is investigating certain officers and directors of ProPetro Holding Corp. (NYSE: PUMP) following a class action complaint that was filed against ProPetro on September 16, 2019.

The complaint alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the company’s executive officers were improperly reimbursed for certain expenses; (2) that the company had engaged in certain undisclosed transactions with related parties; (3) that the company lacked adequate disclosure controls and procedures; (4) that the company lacked effective internal control over financial reporting; and (5) 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.

If you are a long-term stockholders of ProPetro shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in ProPetro Holdings Corp. . BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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