The complaint targets a window between August 3 and August 17, 2026, claiming that Flotek Industries withheld critical information about its business operations. Specifically, the suit alleges the company failed to address doubts surrounding the financial capacity and experience of the consortium partners involved in the PREPA power generation project. This omission, the filing argues, obscured the reality that revenue from the contract was at significant risk of failing to materialize.
Those seeking to represent the class must petition the court by October 26, 2026. While the lawsuit is currently in its early stages and no class has been certified, the legal team at Glancy Prongay Wolke & Rotter is positioning to recover losses for affected shareholders. Investors retain the right to select their own counsel or remain as absent class members if they choose not to take active part in the litigation.
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