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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Mammoth Energy Services Inc (NASDAQ: TUSK) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Mammoth Energy Services Inc (NASDAQ: TUSK) concerning whether a series of statements by Mammoth Energy Services Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 24, 2019, the Wall Street Journal published a article claiming that a FEMA official involved in the reconstruction of Puerto Rico following Hurricane Maria is under investigation for directing electrical grid work contracts to a Mammoth Energy subsidiary, worth up to $900 million and $945 million each.
Following this news, NASDAQ: TUSK fell $0.50 per share or over 4% to close at $11.74 on May 24, 2019.
Based in Oklahoma City, Oklahoma, and founded in 2014 Mammoth Energy Services Inc operates as an oilfield service company.
If you purchased shares of Mammoth Energy Services Inc (NASDAQ: TUSK) on or before May 24, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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