LBRT.US
id: 278
D. Colorado
Court11 Jan 2018
Class period Start03 Apr 2020
Class period End16 Sept 2022
Claim deadlineCorrea, et al., v. Liberty Oilfield Services Inc.
"The Action involves allegations that Defendants violated certain federal securities laws by making alleged misrepresentations and omissions of material fact in the offering documents issued in connection with Liberty’s IPO. The complaint alleges, among other things, that Liberty’s Registration Statement failed to disclose the existence of oversupply in the fracking industry at the time of the IPO, and falsely stated that Liberty was experiencing pricing increases. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability or damage whatsoever asserted by Plaintiffs. The Settlement shall in no event be construed as, or
deemed to be evidence of, liability, fault, wrongdoing, injury or damages, or of any wrongful conduct, acts or omissions on the part of any of the Released Parties, or of any infirmity of any defense, or of any damages to Plaintiffs or any other Settlement Class Member."
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
CIPRIANO CORREA
Attorneys
The Rosen Law Firm
Judge
Raymond P. Moore
Administrator
Strategic Claims Services
Court hearing date
07 October 2022
Settlement conditions
Any Liberty shares sold at or above the IPO price of $17 per share are not eligible for recovery.
Trades matching type
FIFO
+$3,900,000
Cash Settlement Amount