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Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE:FTK) today provided an update regarding its previously announced participation in the Emergency Temporary Power Generation Puerto Rico project
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Filed: 2026-08-04 AccNo: 0001437749-26-025707 Size: 625 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
A class action lawsuit has been filed against Flotek Industries (NYSE: FTK) in the U.S. District Court for the Southern District of New York. The complaint alleges that the company and its executives made false and misleading statements regarding a PREPA power generation project contract, failing to disclose credible doubts about the consortium parties' experience, organization, and financial capacity. Investors who purchased Flotek securities between August 3-17, 2026 can join the lawsuit, with a deadline of October 26, 2026 to apply as lead plaintiff.
Law firm Lowey Dannenberg is investigating Flotek Industries (NYSE: FTK) for potential federal securities violations following the cancellation of a major $400 million PREPA power generation agreement. The contract represented 57% of Flotek's revenue backlog. After Wolfpack Research published a critical report on August 17, 2026, PREPA terminated the agreement, causing Flotek's stock to plunge $7.17 per share (20%) to $28.66. The investigation focuses on whether Flotek concealed risks and provided accurate information to investors.
Grabar Law Office announced investigations into shareholder claims against four companies: Aardvark Therapeutics for allegedly misleading statements about drug safety leading to 56% stock decline; Flotek Industries for misrepresentations regarding a terminated Puerto Rico power project; GoDaddy for failing to disclose impact of promotional pricing on bookings; and Hub Group for material financial statement misstatements. Long-term shareholders may pursue corporate reforms and compensation.