August 31, 2020 - An amended complaint was filed.

April 3, 2020 - An investor in shares of Liberty Oilfield Services Inc. (NYSE: LBRT) filed a lawsuit in the U.S. District Court for the District of Colorado over alleged violations of Federal Securities Laws by Liberty Oilfield Services Inc. in connection with certain allegedly false and misleading statements made in connection with the Company’s January 17, 2018 initial public offering.

Denver, CO based Liberty Oilfield Services Inc. provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Liberty Oilfield Services Inc. reported that its annual Total Revenue rose from over $1.48 billion in 2017 to over $2.15 billion in 2018,

On February 5, 2020, Liberty Oilfield Services Inc announced its financial and operations results for fourth quarter and full year 2019, revealing diluted earnings per share that fell significantly below analysts' expectations at $0.53 and full year 2019 EBITDA that decreased 37% compared to the previous year.

Shares of Liberty Oilfield Services Inc. (NYSE: LBRT) declined from $11.40 per share on January 8, 2020 to as low as $7.31 per share on February 7, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Liberty Oilfield Services Inc. (NYSE: LBRT) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose, that there was an oversupply in the hydraulic fracturing services market, that the Company's pricing power was weak, that the Company's services were not increasing and its competition was not decreasing, and that as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.