Investors File Securities Fraud Lawsuit Against Flotek Industries

The lawsuit centers on allegations that Flotek failed to disclose significant vulnerabilities concerning a project for the Puerto Rico Electric Power Authority (PREPA). According to the complaint, the company allegedly misrepresented the experience, organizational stability, and financial capacity of the consortium partners involved in the deal. These omissions, the suit claims, left investors exposed to the risk that anticipated revenues from the PREPA contract would never materialize, rendering the company’s public statements about its business prospects materially misleading.

Those interested in serving as lead plaintiff must file a motion with the Court by October 26, 2026. While the firm encourages investors to seek representation, no class has been formally certified at this stage. Participation as a lead plaintiff is not a prerequisite for sharing in a potential future settlement, and investors retain the right to select their own counsel or remain absent class members. The Rosen Law Firm is managing the outreach for those seeking to join the action.