Superior Well Services is one of the large companies being investigated by the U.S. House Energy and Commerce Committee to see if the gas extraction method known as hydraulic fracturing, or fracking, is a hazard to groundwater drinking supplies.
After the announcement to take over Superior Well Services, Inc. (NASDAQ:SWSI) by Nabors Industries Ltd. an investigation on behalf of current investors of Superior Well Services, Inc. (Public, NASDAQ:SWSI) over possible shareholder claims based on breach of fiduciary duty by certain members of the Superior Well Services board of directors in connection with their attempt to sell Superior Well Services, Inc. (NASDAQ:SWSI) was announced.
If you are a current investor in Superior Well Services, Inc. (NASDAQ:SWSI) shares, who purchased your SWSI stock prior to Monday, August 09, 2010, and/or have information relating to the investigation, you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.
Fracturing Systems: Hydraulic fracturing is a process of pumping water, oil, and/or gases with a proppant at sufficient pressure to create a fracture in a chosen formation. The goal is to create and prop open the fracture.