Liberty Oilfield Investors Win First Nod for $3.9 Million Deal

Liberty Oilfield Services Inc. and investors who say it made misleading statements ahead of a 2018 initial public offering may move forward with a $3.9 million settlement, a federal judge in Colorado said.

The cash deal recovers about 3.9% of maximum potential damages, the hydraulic fracking services company’s investors told the US District Court for the District of Colorado in their initial settlement motion, which Judge Raymond P. Moore approved.

Investors accuse Liberty Oilfield of misleading them about how a fracking capacity surplus relative to demand negatively affected prices. Moore in 2021 trimmed some investor allegations and allowed others ...