Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Racial-discrimination allegations at a Texas oil field
The Equal Employment Opportunity Commission brought a case involving allegations that racial slurs had been tolerated over a long period at a Texas oil field. Liberty settled the matter in 2024.
2023
The North Face environmental campaign controversy
Liberty attracted criticism after paying for a campaign attacking The North Face's environmental positions while producing products made with petroleum-based plastics.
2020
Shareholder sues Liberty Oilfield Services over IPO claims
Lawsuit filed
In a lawsuit filed in 2020, shareholder Marc Joseph sued Liberty Oilfield Services and its underwriters. The filing alleged that the company overstated its ability to compete before its 2018 IPO and misled IPO participants about demand for fracking equipment. These are allegations contained in the filing; the summary does not state any finding or outcome.
Shareholder Marc Joseph filed suit against Liberty Oilfield Services and its underwriters, alleging they overstated the company's ability to compete before its 2018 IPO and misled IPO participants about demand for fracking equipment. These are allegations in the filing.
Source excerpt
In his filing, Joseph believes he and others who participated in the IPO were misled on just how soft the demand for fracking equipment was, leading to a slide in its stock value.
In the suit filed late Friday in the U.S. District Court for Colorado, shareholder Marc Joseph claims Liberty and its underwriters oversold Liberty’s ability to compete in the energy industry in the months leading up to its $220 million initial public offering in January 2018.