The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in ProPetro Holding Corp. (ProPetro or the Company) (NYSE: PUMP) for potential breaches of fiduciary duty on the part of its directors due to allegations that ProPetro may have issued materially misleading business information to the investing public.
The investigation focuses on determining if ProPetros Board breached its fiduciary duties to shareholders. Specifically, following the securities lawsuit filed against the Company, Reuters reported the SEC had also opened an investigation. ProPetro revealed on November 13, 2019, that it had found another $3.6 million in related-party transactions. The investigation will determine if ProPetros board of directors breached its fiduciary duties to shareholders, grossly mismanaged ProPetro, and/or committed abuses of control as a result of the foregoing.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firms website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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