The Newsroom

Investigations  /  03.19.2020

Investigation of ProPetro Holding Corp.

You Have Legal Options

ProPetro Holding Corp. (PUMP) Reveals Multiple Weaknesses in Financial Reporting

In August 2019, the Company had disclosed that it was conducting an audit to determine whether there was any material weakness in its disclosures related to purchases of electric hydraulic fracturing fleets. As the probe progressed, it was expanded to include expense reimbursements by executives as well as transactions involving related parties and other potential conflicts of interest. In addition to the Company’s internal audit, ProPetro remains under investigation by the SEC. On February 24, 2020, ProPetro revealed that a board committee had found multiple material weaknesses related to its financial reporting and disclosures. As a result, the Company has announced that it is unable to timely file its annual report and an independent accounting firm continues to examine the board’s findings and remediation plan.

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns