Flotek Investors Can Seek Lead Role in Puerto Rico Power Contract Suit

Flotek Industries, Inc. (NYSE: FTK) investors may seek lead-plaintiff status in a proposed securities case over a Puerto Rico power project after its termination put expected contract revenue at risk. Kaplan Fox issued an Oct. 15 notice urging investors in the proposed class to seek appointment. The class covers people who acquired Flotek securities from Aug. 3 through Aug. 17, 2026. Saad Bashir filed the complaint in New York federal court on Aug. 26, naming Flotek, Chief Executive Officer Ryan Ezell and Chief Financial Officer Bond Clement as defendants. The complaint alleges that Flotek and its executives failed to disclose reasons to question the experience, organization and financial capacity of the consortium involved in the Puerto Rico project.

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