The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Liberty Oilfield Services, Inc. (NYSE: LBRT) who purchased shares pursuant and/or traceable to the documents issued in connection with Liberty Oilfield’s January 2018 initial public offering. The action, which was filed in the United States District Court for the District of Colorado, alleges that the Company violated federal securities laws.
In particular, the Liberty lawsuit alleges 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.
Shareholders have until June 2, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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