Liberty Oilfield Services, Inc. Securities Litigation
On or around 04/23/2020 (Date of last review)
Filing Date: April 03, 2020
According to the Complaint, Liberty Oilfield Services, Inc. is a holding company with membership interests in Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"). Through Liberty LLC, the Company provides hydraulic fracturing services and goods to onshore oil and natural gas exploration and production companies in North America.
Plaintiff brings this securities class action on behalf of persons who purchased or otherwise acquired Liberty Oilfield’s securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Liberty Oilfield’s January 17, 2018 initial public offering. The Complaint alleges that the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) there was an oversupply in the hydraulic fracturing services market; (2) the Company's pricing power was weak; (3) the Company'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.
Company & Securities Information
Defendant: Liberty Oilfield Services, Inc.
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: LBRT
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Marc Joseph, et al. v. Liberty Oilfield Services, Inc., et al.
COURT: D. Colorado
DOCKET #: 20-CV-00946
JUDGE: Hon. Lewis T. Babcock
DATE FILED: 04/03/2020
CLASS PERIOD START: 01/17/2018
CLASS PERIOD END: 02/05/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available