07/06/2019 14:52:15

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Mammoth Energy Services, Inc.

NEW YORK, June 07, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Mammoth Energy Services, Inc. (“Mammoth” or “the Company”) (NASDAQGS: TUSK) concerning possible violations of federal securities laws.

On May 24, 2019, the Wall Street Journal reported that FEMA Deputy Regional Administrator Ahsha Tribble, who was involved in the reconstruction of Puerto Rico following Hurricane Maria, is under investigation for directing electrical grid work contracts to Cobra Acquisitions LLC (“Cobra”), a Mammoth subsidiary. Cobra signed contracts worth up to $900 million and $945 million each. Following this news, the Company’s share price fell over 4%. Mammoth stock continued to plummet when, on June 5, 2019, the Wall Street Journal reported that Cobra was under investigation by the Federal Bureau of Investigation and the Department of Homeland Security, “examining how the [Company] came to dominate the power restoration efforts” in Puerto Rico. To  obtain additional information, go to:

https://www.zlk.com/pslra-1/mammoth-energy-services-inc-loss-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:   

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free:  (877) 363-5972

Fax: (212) 363-7171

www.zlk.com 

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