Shareholder Alert: Robbins LLP Announces It Is Investigating Gulfport Energy Corporation (GPOR) for Misleading Shareholders
April 14 2020 - 5:43PM
Business Wire
Shareholder rights law firm Robbins LLP announces that it is
investigating Gulfport Energy Corporation (NASDAQ: GPOR) for
alleged violations of the Securities Exchange Act of 1934 and the
Company's officers and directors for breaches of fiduciary duties
to shareholders. Gulfport Energy engages in the exploration,
development, acquisition, and production of natural gas, crude oil,
and natural gas liquids.
If you suffered a loss as a result of Gulfport's misconduct,
click here.
Gulfport Energy Corporation (GPOR) Discloses Material
Weakness in Financial Reporting
On February 27, 2020, Gulfport disclosed that its previously
issued financial statements for the three and nine months ended
September 30, 2019, "should no longer be relied upon due to
material misstatements." The Company further stated that as a
consequence of these misstatements it determined "a material
weakness in internal control over financial reporting existed as of
September 30, 2019, and therefore the Company has concluded that
its disclosure controls and procedures as of September 30, 2019
were not effective." On this news, Gulfport's stock price fell
almost 9% to close at $0.82 per share.
Gulfport Energy Corporation (GPOR) Shareholders Have Legal
Options
Contact us to learn more: Leo Kandinov (800) 350-6003
lkandinov@robbinsllp.com Shareholder Information Form
Robbins LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action
lawsuits, and has helped its clients realize more than $1 billion
of value for themselves and the companies in which they have
invested. Click here to receive free alerts from Stock Watch when
companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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version on businesswire.com: https://www.businesswire.com/news/home/20200414006033/en/
Leo Kandinov Robbins LLP 5040 Shoreham Place San Diego, CA 92122
lkandinov@robbinsllp.com (619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com
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