Mammoth Energy Services ($TUSK) $11M Investor Settlement

The settlement funds have been distributed to claimants.

$11,000,000

Cash Settlement

W.D. Oklahoma

Court

5:19-cv-00522

Case number

10/19/2017

Class period Start

06/05/2019

Class period End

Mammoth Energy Services ($TUSK) has agreed to settle $11,000,000 with investors to resolve claims that the company misled shareholders about its contracts in Puerto Rico following Hurricane Maria.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Filing date

06/07/2019

Plaintiffs

Daniel Furia, Vincent Furia, Sharon Furia

Attorneys

Block & Leviton LLP

Defendants

Arty Straehla; Mark Layton; Keith Ellison

Administrator

Angeion

Attorney fee

$3,300,000

Trades matching type

FIFO

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