Tetra Hit With Securities Class Action

Law360, New York (March 28, 2008, 12:00 AM EDT) -- Oil and gas services company Tetra Technologies Inc. and two of its top executives have been hit with a proposed class action accusing them of fraudulently inflating the value of the company's stock.

According to a complaint filed Thursday in the U.S. District Court for the Southern District of Texas, Tetra, Chief Executive Officer, Geoffrey M. Hertel and Chief Financial Officer Joseph M. Abell III failed to disclose numerous adverse facts about the company, including the fact that the performance of its well abandonment and decommissioning...
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