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Lawsuit filed for Investors in shares of Liberty Oilfield Services Inc. (NYSE: LBRT)

04-13-2020 06:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Liberty Oilfield Services Inc. (NYSE: LBRT) shares.

A lawsuit was filed on behalf of investors in Liberty Oilfield Services Inc. (NYSE: LBRT) shares.

An investor, who purchased shares of Liberty Oilfield Services Inc. (NYSE: LBRT), filed a lawsuit over alleged violations of Federal Securities Laws by Liberty Oilfield Services Inc. in connection with the Company's January 17, 2018 initial public offering.

Investors who purchased shares of Liberty Oilfield Services Inc. (NYSE: LBRT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 2, 2020. NYSE: LBRT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 5, 2020, Liberty Oilfield Services Inc announced its financial and operations results for fourth quarter and full year 2019, revealing diluted earnings per share that fell significantly below analysts' expectations at $0.53 and full year 2019 EBITDA that decreased 37% compared to the previous year.

The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose, that there was an oversupply in the hydraulic fracturing services market, that the Company's pricing power was weak, that the Company's services were not increasing and its competition was not decreasing, and that 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.

Those who purchased shares of Liberty Oilfield Services Inc. (NYSE: LBRT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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