Energy News / Shareholders Foundation, Inc.

NASDAQ: TUSK Long Term Investor Alert: Investigation of Potential Wrongdoing at Mammoth Energy Services, Inc.

Via: ReleaseWire

Updated 4:08 PM CDT, Wed, October 02,2019

An investigation on behalf of current long term investors in Mammoth Energy Services, Inc. (NASDAQ: TUSK) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: TUSK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/02/2019 -- Certain directors of Mammoth Energy Services, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Mammoth Energy Services, Inc. (NASDAQ: TUSK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: TUSK stocks follows a lawsuit filed against Mammoth Energy Services, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TUSK stocks, concerns whether certain Mammoth Energy Services, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Western District of Oklahoma the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Mammoth's subsidiary, Cobra, improperly obtained two infrastructure contracts with PREPA that totaled over $1.8 billion, that specifically, the contracts were awarded as the result of improper steering and not a competitive RFP process, and that as a result, Defendants' statements about Mammoth'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 Mammoth Energy Services, Inc. (NASDAQ: TUSK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-tusk-long-term-investor-alert-investigation-of-potential-wrongdoing-at-mammoth-energy-services-inc-1261795.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com