Investors Settle Fraud Claims Against Oilfield Services Company For $3.9M

Mealey's (May 17, 2022, 2:49 PM EDT) -- DENVER — Shareholders and an oilfield services company on May 13 reached a $3.9 million settlement in a securities fraud lawsuit in which the plaintiffs had argued that the company and its financial partners held an IPO that damaged the investors because the shares of stock that were issued traded “significantly below” the IPO price....

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