Fracking Operator: Shareholder Case Fails, Does Not Plead Particularized Facts

(October 24, 2023, 2:42 PM EDT) -- HOUSTON — A hydraulic fracturing operator and three of its senior executives filed an answer in Texas federal court denying class action claims brought by shareholders who contend that the company and its officers violated federal securities laws.  The defendants also argue that the complaint fails to satisfy the requirements of the Federal Rules of Civil Procedure and the Private Securities Litigation Reform Act (PSLRA) by not pleading particularized facts showing that the defendants made material misstatements....