Fracking Company Officers: Shareholder Case Relies On Theory That ‘Makes No Sense’

Mealey's (August 3, 2021, 2:00 PM EDT) -- NEW YORK — Officers in a hydraulic fracturing company on July 29 filed a brief in New York federal court arguing that the court should dismiss a shareholder lawsuit against them related to alleged federal securities law violations because the plaintiff’s theory that the officers committed fraud in one quarter, “only to make an unprompted disclosure of the error and control deficiencies in the very next quarter, makes no sense.”...