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Hub Group, Inc. Investor Alert: Contact SBS by August 28, 2026 for Opportunity to Lead Securities Fraud Lawsuit

Wolfpack Research said the $400 million PREPA contract made up about 57% of Flotek’s backlog before shares fell more than 20%.

  • Schall, Brown & Schwartz LLP , a national shareholder rights litigation firm, announced on Monday it is investigating claims on behalf of investors of Flotek Industries, Inc. for violations of securities laws.
  • The inquiry follows a report published by Wolfpack Research on August 17, 2026, alleging Flotek failed to disclose that its $400 million contract with the Puerto Rico Electric Power Authority was canceled.
  • Wolfpack further alleges a federally appointed financial regulator revoked authorization for the PREPA deal due to an apparent unauthorized signature and referred the matter for criminal prosecution.
  • Following the report's release, shares of Flotek fell by more than 20% on August 17, 2026, as investors reacted to the canceled contract disclosure.
  • Investors seeking to discuss their rights or participate in the investigation can contact founding partners Brian Schall, Andrew Brown, or David Schwartz of SBS in Los Angeles, California.
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Business Wire broke the news in Crystal River, United States on Saturday, August 22, 2026.
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