FTK Investors Have Opportunity to Join Flotek Industries, Inc. Fraud Investigation with SBS Law
Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Flotek Industries, Inc. (“Flotek” or “the Company”) (NYSE: FTK) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Flotek is the subject of a report published by Wolfpack Research on August 17, 2026. According to the report, the Company has “yet to disclose to investors that their $400 million contract with the Puerto Rico Electric Power Authority (PREPA), accounting for ~57% of FTK's backlog, has been canceled.” Wolfpack further alleges that a “federally appointed financial regulator revoked its authorization over the deal due to an apparent unauthorized signature and referred the matter for criminal prosecution.” Based on this news, shares of Flotek fell by more than 20% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at david@schallfirm.com.
