The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Liberty Oilfield Services Inc. (“Liberty” or “the Company”) (NYSE: LBRT) concerning whether the board breached its fiduciary duties to shareholders.
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On February 5, 2020, after the market closed, Liberty issued a press release announcing its financial and operations results for fourth quarter and full year 2019. Therein, Liberty reported full year adjusted EBITDA of $277 million, or a 37% decline over the prior year, and diluted earnings per share of $0.53, which fell significantly short of analyst forecasts.
On this news, Liberty’s stock price fell $1.07, or over 12%, to close at $7.80 per share on February 6, 2020, thereby injuring investors.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection
Last month, residents of the Jersey City luxury building The Beacon were getting concerned about a dog.
A husky had been seen lying on an outside balcony for several days, with no apparent food or water. Photos show the dog lying on a balcony strewn with feces.
“The dog was living in filth,” one resident of the building said. Residents were so concerned that they lowered a dish of water onto the balcony and slid food under a divider for the animal. After the dog was outside for two days, the neighbor called Liberty Humane Society.
But instead of removing the dog, animal control officers from LHS allowed the owner to keep it.
Liberty Humane Society Executive Director Irene Borngraeber said the organization acted appropriately, but a coalition of animal welfare groups throughout Hudson County say the incident illustrates what they describe as the longstanding inadequacy of LHS.