The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Gulfport Energy Corporation Investors (GPOR)
March 02 2020 - 12:00PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Gulfport Energy Corporation (“Gulfport Energy” or the
“Company”) (NASDAQ: GPOR) investors concerning the Company and its
officers’ possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On February 27, 2020, Gulfport Energy disclosed that its third
quarter 2019 financial statements should no longer be relied upon
due to material misstatements. For the nine months ended September
30, 2019, Gulfport Energy (1) understated its accumulated
depletion, depreciation, amortization and impairment by $554
million, (2) overstated its income from operations by $554 million,
and (3) overstated its net income by $436 million.
On this news, Gulfport Energy’s stock price fell $0.0807, or
nearly 9%, to close at $0.8196 per share on February 28, 2020,
thereby injuring investors.
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If you purchased Gulfport Energy securities, have information or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200302005310/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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