Energy News / Shareholders Foundation, Inc.

NASDAQ:TUSK Investor Notice: Investigation over Potential Wrongdoing at Mammoth Energy Services, Inc.

Via: ReleaseWire

Updated 10:06 AM CST, Fri, November 15,2019

An investigation on behalf of investors in Mammoth Energy Services, Inc. (NASDAQ: TUSK) shares over potential wrongdoing at Mammoth Energy Services, Inc. was announced and NASDAQ: TUSK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/15/2019 -- Certain directors of Mammoth Energy Services, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Mammoth Energy Services, Inc. (NASDAQ: TUSK) 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 concerns whether certain Mammoth Energy Services, directors breached their fiduciary duties and caused damage to the company and its shareholders.

On June 07, 2019, a lawsuit was filed against Mammoth Energy Services, Inc. over alleged securities laws violations. The plaintiff alleges that between October 19, 2017 through June 5, 2019, 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/nasdaqtusk-investor-notice-investigation-over-potential-wrongdoing-at-mammoth-energy-services-inc-1265528.htm

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