Fracking Company’s IPO Underwriters Deny Claims In Shareholder Lawsuit

Mealey's (September 3, 2021, 1:21 PM EDT) -- DENVER — Financial organizations that have been sued in a putative shareholder class action on Aug. 25 filed an answer denying all allegations that they made misleading statements and violated the Securities Act of 1933 after an oilfield services company the organizations underwrite saw its share price drop following its initial public offering (IPO)....