The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Liberty Oilfield Services, Inc. (NYSE: LBRT) securities pursuant and/or traceable to the documents issued in connection with the Company’s January 2018 initial public offering.
According to the Liberty lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) there was an oversupply in the hydraulic fracturing services market; (2) the Company’s pricing power was weak; (3) Liberty’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.
If you suffered a loss in Liberty you have until June 2, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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