{"success":true,"data":{"pressRelease":{"id":"133329","rtpr_id":"nGNXBgS7y","ticker":"FTK","exchange":"NYSE","all_tickers":["FTK"],"title":"FTK Class Action Reminder: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Flotek Industries, Inc. Securities Class Action","author":"Globe Newswire","published_at":"2026-09-02T04:15:33.092Z","article_body":"SAN DIEGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law\nfirm Robbins LLP\n(https://www.globenewswire.com/Tracker?data=GsZzGTLmW4cmIHmC3kbVip73uEN-2T8rpWpObyoUbMbn_N_Fjzw3IwIAL8K6MUsfFelaYJztiqnH-TXgIYeGZ3O9_7sx21y-ZzN5z1QaW2_PQtuojgKo6vdut7DWwMli) reminds\ninvestors that a class action was filed on behalf of all persons and entities\nwho purchased or otherwise acquired Flotek Industries, Inc.\n(https://www.globenewswire.com/Tracker?data=yl6B2cGO_H6Br5kg9uA97kQ2hSUdVseZt3sZt0TcapdwPIgZnY0AKZpTknb9AkEECge800u7b8FNObF0eAXvAxJtlps8D1s5xRCBpC8_nDE=)\n(NYSE: FTK) securities between August 3, 2026 and August 17, 2026 (the \"Class\nPeriod\"). Flotek is an energy technology and services company.\n\nThe complaint alleges that Flotek misled investors by failing to disclose the\ncancellation of its $400m Puerto Rican deal.\n\nInvestors who suffered significant losses during the Class Period may be\neligible to participate in the lawsuit and should contact\n(https://www.globenewswire.com/Tracker?data=i_UuWQ_bmpHHAi4YAGQ1CPO-y6p4XxCKedGY-ONG39PG3xaqMEsCQei6k3pHlwh2BlA4VEQcr-TmgCvUGxCbfeukKVVPgWzmQs4PfPC5Ty4wBYKY-21Xyyt4GW70TiVF)\nRobbins LLP for information about becoming lead plaintiff prior to the October\n26, 2026 deadline.\n\nWhy Was Flotek Sued?\n\nAccording to the complaint defendants failed to disclose to investors:\n\n(1) that there were credible reasons to doubt the experience, organization,\nand financial capacity of the consortium parties for PREPA’s power\ngeneration project; \n(2) that, as a result, there was a risk that revenue from the PREPA contract\nwould not be realized; and \n(3) that, due to the foregoing, defendants’ positive statements about the\nCompany’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis.\n\nWhy Did FTK Stock Drop?\n\nOn August 3, 2026, Flotek announced it was awarded a 10-year agreement to\nsupport a 400 MW natural gas-fired power generation project for the Puerto\nRico Electric Power Authority (“PREPA”) to help address the island's\nongoing energy crisis. Flotek said it expects to generate approximately $400M\nrevenue backlog due to the deal. On August 17, 2026, at approximately 1:20 pm\nEST, Wolfpack Research published a report alleging Flotek’s “$400 million\ncontract with the Puerto Rico Electric Power Authority (PREPA), accounting for\n~57% of FTK’s backlog, has been canceled.” On this news, the price of\nFlotek's stock fell $7.17, or 20.01%, to close at $28.66 per share on August\n17, 2026.\n\nOver the next two trading days, the stock continued to fall as Flotek revealed\nthat PREPA had terminated the power purchase and operating agreement with the\nCompany, effective immediately.\n\nWho May Be Eligible to Participate in the FTK Class Action?\n\nThe lawsuit seeks to represent investors who purchased or otherwise acquired\nFTK securities between August 3, 2026 and August 17, 2026.\n\nInvestors who suffered losses during that period may have legal rights under\nthe federal securities laws.\n\nWhat Is a Lead Plaintiff?\n\nThe lead plaintiff is a court-appointed investor who represents the interests\nof all class members throughout the litigation. Serving as lead plaintiff is\nnot required to share in any potential recovery. Investors who do not seek\nappointment may remain absent class members if the case proceeds and later\nresolves successfully.\n\nStockholders who wish to lead the class action should speak to Robbins LLP by\nthe October 26, 2026, lead plaintiff deadline.\n\nDoes it cost anything to participate?\n\nNo. Robbins LLP represents investors on a contingency fee basis.\n\nContact Robbins LLP\n\nInvestors seeking additional information about the Flotek Industries, Inc.\nsecurities class action may contact Robbins LLP by submitting\n(https://www.globenewswire.com/Tracker?data=hc00SszgdvYcnh4YGqLHKcZnSkLSdRCu9jptM-u23Qp3TatLQfcIb8lDcSNXzLniIQlGF9XndlDRKirPkAXUcc_2l8fgGJ3JfMlE52KVCJaNyaOu028J3S4grQUMYoHh)\nan inquiry, emailing\n(https://www.globenewswire.com/Tracker?data=imwMNbwQ5h2FbRDRrm6D7b5YQkJdzP1Ap-NODHOJrateV9JKN0_PUrYJfxpUziH4o2Gyfcp4-wVUMKQLEhG9Gg==)\nattorney Aaron Dumas, Jr., or calling (800) 350-6003.\n\nAbout Robbins LLP\n\nRobbins LLP\n(https://www.globenewswire.com/Tracker?data=GsZzGTLmW4cmIHmC3kbVit5lqR5sm4ZE5d-7MDYQdUceBYKJPPS23nQl4gjeRtuWC_YuFsz5tixnm1PNtFdoqw==)\nis a shareholder rights law firm focused on representing investors in\nsecurities fraud and shareholder litigation. The firm has helped recover more\nthan $1 billion for investors, obtained significant corporate governance\nreforms, and has represented shareholders in cases involving alleged\nviolations of the federal securities laws.\n\n\"Companies have an obligation to provide investors with complete and accurate\ninformation so that markets can function fairly and efficiently,\" said Brian\nJ. Robbins, Founding Partner of Robbins LLP.\n\nTo be notified if a class action against Flotek Industries, Inc. settles or to\nreceive free alerts when corporate executives engage in wrongdoing, sign up\nfor Stock Watch\n(https://www.globenewswire.com/Tracker?data=Ts94I3NAhhipiEA0cq3buARbVPb7un4VWVtp6mlWdYz3wenRNUO6yEkNKzoqNwFsNRhUYwh_22eH4is17IiO5egYP0PhUy1q4e7uul0mUjc=) today.\n\nAttorney Advertising. Past results do not guarantee a similar outcome.\n\n Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com  https://www.facebook.com/RobbinsLLP/            \n                                                                                                                                                https://www.linkedin.com/company/robbins-llp/   \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f6c754ad-b344-4389-a551-cf97ce05752e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXBgS7y","title":"FTK Class Action Reminder: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Flotek Industries, Inc. Securities Class Action","author":"Globe Newswire","ticker":"FTK","created":"2026-09-02T04:15:33.092Z","tickers":["FTK"],"exchange":"NYSE","article_body":"SAN DIEGO, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law\nfirm Robbins LLP\n(https://www.globenewswire.com/Tracker?data=GsZzGTLmW4cmIHmC3kbVip73uEN-2T8rpWpObyoUbMbn_N_Fjzw3IwIAL8K6MUsfFelaYJztiqnH-TXgIYeGZ3O9_7sx21y-ZzN5z1QaW2_PQtuojgKo6vdut7DWwMli) reminds\ninvestors that a class action was filed on behalf of all persons and entities\nwho purchased or otherwise acquired Flotek Industries, Inc.\n(https://www.globenewswire.com/Tracker?data=yl6B2cGO_H6Br5kg9uA97kQ2hSUdVseZt3sZt0TcapdwPIgZnY0AKZpTknb9AkEECge800u7b8FNObF0eAXvAxJtlps8D1s5xRCBpC8_nDE=)\n(NYSE: FTK) securities between August 3, 2026 and August 17, 2026 (the \"Class\nPeriod\"). Flotek is an energy technology and services company.\n\nThe complaint alleges that Flotek misled investors by failing to disclose the\ncancellation of its $400m Puerto Rican deal.\n\nInvestors who suffered significant losses during the Class Period may be\neligible to participate in the lawsuit and should contact\n(https://www.globenewswire.com/Tracker?data=i_UuWQ_bmpHHAi4YAGQ1CPO-y6p4XxCKedGY-ONG39PG3xaqMEsCQei6k3pHlwh2BlA4VEQcr-TmgCvUGxCbfeukKVVPgWzmQs4PfPC5Ty4wBYKY-21Xyyt4GW70TiVF)\nRobbins LLP for information about becoming lead plaintiff prior to the October\n26, 2026 deadline.\n\nWhy Was Flotek Sued?\n\nAccording to the complaint defendants failed to disclose to investors:\n\n(1) that there were credible reasons to doubt the experience, organization,\nand financial capacity of the consortium parties for PREPA’s power\ngeneration project; \n(2) that, as a result, there was a risk that revenue from the PREPA contract\nwould not be realized; and \n(3) that, due to the foregoing, defendants’ positive statements about the\nCompany’s business, operations, and prospects were materially misleading\nand/or lacked a reasonable basis.\n\nWhy Did FTK Stock Drop?\n\nOn August 3, 2026, Flotek announced it was awarded a 10-year agreement to\nsupport a 400 MW natural gas-fired power generation project for the Puerto\nRico Electric Power Authority (“PREPA”) to help address the island's\nongoing energy crisis. Flotek said it expects to generate approximately $400M\nrevenue backlog due to the deal. On August 17, 2026, at approximately 1:20 pm\nEST, Wolfpack Research published a report alleging Flotek’s “$400 million\ncontract with the Puerto Rico Electric Power Authority (PREPA), accounting for\n~57% of FTK’s backlog, has been canceled.” On this news, the price of\nFlotek's stock fell $7.17, or 20.01%, to close at $28.66 per share on August\n17, 2026.\n\nOver the next two trading days, the stock continued to fall as Flotek revealed\nthat PREPA had terminated the power purchase and operating agreement with the\nCompany, effective immediately.\n\nWho May Be Eligible to Participate in the FTK Class Action?\n\nThe lawsuit seeks to represent investors who purchased or otherwise acquired\nFTK securities between August 3, 2026 and August 17, 2026.\n\nInvestors who suffered losses during that period may have legal rights under\nthe federal securities laws.\n\nWhat Is a Lead Plaintiff?\n\nThe lead plaintiff is a court-appointed investor who represents the interests\nof all class members throughout the litigation. Serving as lead plaintiff is\nnot required to share in any potential recovery. Investors who do not seek\nappointment may remain absent class members if the case proceeds and later\nresolves successfully.\n\nStockholders who wish to lead the class action should speak to Robbins LLP by\nthe October 26, 2026, lead plaintiff deadline.\n\nDoes it cost anything to participate?\n\nNo. Robbins LLP represents investors on a contingency fee basis.\n\nContact Robbins LLP\n\nInvestors seeking additional information about the Flotek Industries, Inc.\nsecurities class action may contact Robbins LLP by submitting\n(https://www.globenewswire.com/Tracker?data=hc00SszgdvYcnh4YGqLHKcZnSkLSdRCu9jptM-u23Qp3TatLQfcIb8lDcSNXzLniIQlGF9XndlDRKirPkAXUcc_2l8fgGJ3JfMlE52KVCJaNyaOu028J3S4grQUMYoHh)\nan inquiry, emailing\n(https://www.globenewswire.com/Tracker?data=imwMNbwQ5h2FbRDRrm6D7b5YQkJdzP1Ap-NODHOJrateV9JKN0_PUrYJfxpUziH4o2Gyfcp4-wVUMKQLEhG9Gg==)\nattorney Aaron Dumas, Jr., or calling (800) 350-6003.\n\nAbout Robbins LLP\n\nRobbins LLP\n(https://www.globenewswire.com/Tracker?data=GsZzGTLmW4cmIHmC3kbVit5lqR5sm4ZE5d-7MDYQdUceBYKJPPS23nQl4gjeRtuWC_YuFsz5tixnm1PNtFdoqw==)\nis a shareholder rights law firm focused on representing investors in\nsecurities fraud and shareholder litigation. The firm has helped recover more\nthan $1 billion for investors, obtained significant corporate governance\nreforms, and has represented shareholders in cases involving alleged\nviolations of the federal securities laws.\n\n\"Companies have an obligation to provide investors with complete and accurate\ninformation so that markets can function fairly and efficiently,\" said Brian\nJ. Robbins, Founding Partner of Robbins LLP.\n\nTo be notified if a class action against Flotek Industries, Inc. settles or to\nreceive free alerts when corporate executives engage in wrongdoing, sign up\nfor Stock Watch\n(https://www.globenewswire.com/Tracker?data=Ts94I3NAhhipiEA0cq3buARbVPb7un4VWVtp6mlWdYz3wenRNUO6yEkNKzoqNwFsNRhUYwh_22eH4is17IiO5egYP0PhUy1q4e7uul0mUjc=) today.\n\nAttorney Advertising. Past results do not guarantee a similar outcome.\n\n Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com  https://www.facebook.com/RobbinsLLP/            \n                                                                                                                                                https://www.linkedin.com/company/robbins-llp/   \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f6c754ad-b344-4389-a551-cf97ce05752e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-02T04:15:33.139457226Z","server_sent_at_ms":1788322533139},"received_at":"2026-09-02T04:15:33.197Z","source_url":null},"analysis":{"id":"122222","press_release_id":"133329","analysis_json":{"industry":{"label":"Energy Equipment & Services","sector":"Energy"},"redFlags":[],"eventType":"legal_litigation","narrative":"Robbins LLP issued a reminder for the lead plaintiff deadline in the class action lawsuit against Flotek Industries, Inc. (NYSE: FTK).\n\nThe lawsuit alleges Flotek misled investors by failing to disclose the cancellation of a $400M Puerto Rican power generation deal with PREPA during the Class Period of August 3, 2026 to August 17, 2026.\n\nInvestors who suffered losses are encouraged to contact the firm prior to the October 26, 2026 deadline to seek appointment as lead plaintiff.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently","namedEntities":{"people":[{"name":"Aaron Dumas, Jr.","role":"Attorney"},{"name":"Brian J. Robbins","role":"Founding Partner"}],"products":[],"companies":[{"name":"Flotek Industries, Inc.","ticker":"FTK"},{"name":"Robbins LLP","relationship":"plaintiff law firm"},{"name":"Puerto Rico Electric Power Authority","relationship":"counterparty"},{"name":"Wolfpack Research","relationship":"research firm"}],"dollarAmounts":[{"amount":"$400m","context":"alleged canceled Puerto Rican deal"},{"amount":"$400M","context":"revenue backlog from PREPA contract"},{"amount":"$7.17","context":"stock price drop on August 17, 2026"},{"amount":"$28.66","context":"closing stock price on August 17, 2026"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Robbins LLP. No new disclosure from the issuer; no certified class, no settlement. Boilerplate lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"FTK"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Robbins LLP issued a reminder for the lead plaintiff deadline in the class action lawsuit against Flotek Industries, Inc. (NYSE: FTK).\n\nThe lawsuit alleges Flotek misled investors by failing to disclose the cancellation of a $400M Puerto Rican power generation deal with PREPA during the Class Period of August 3, 2026 to August 17, 2026.\n\nInvestors who suffered losses are encouraged to contact the firm prior to the October 26, 2026 deadline to seek appointment as lead plaintiff.","key_figures":{},"named_entities":{"people":[{"name":"Aaron Dumas, Jr.","role":"Attorney"},{"name":"Brian J. Robbins","role":"Founding Partner"}],"products":[],"companies":[{"name":"Flotek Industries, Inc.","ticker":"FTK"},{"name":"Robbins LLP","relationship":"plaintiff law firm"},{"name":"Puerto Rico Electric Power Authority","relationship":"counterparty"},{"name":"Wolfpack Research","relationship":"research firm"}],"dollarAmounts":[{"amount":"$400m","context":"alleged canceled Puerto Rican deal"},{"amount":"$400M","context":"revenue backlog from PREPA contract"},{"amount":"$7.17","context":"stock price drop on August 17, 2026"},{"amount":"$28.66","context":"closing stock price on August 17, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T04:17:09.587Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":null,"modelName":"glm-4.7"}}