Shareholder Alert: Robbins LLP Reminds Investors the Lead Plaintiff Deadline is Approaching for Gulfport Energy Corp. (GPOR) ...
April 27 2020 - 3:52PM
Business Wire
Shareholder rights law firm Robbins LLP reminds investors that a
purchaser of Gulfport Energy Corporation (NASDAQ: GPOR) filed a
class action complaint against the Company for alleged violations
of the Securities Exchange Act of 1934 between May 3, 2019 and
February 27, 2020. 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.
If you purchased Gulfport Energy Corporation (GPOR)
securities between May 3, 2019 and February 27, 2020, you have
until May 18, 2020, to ask the court to be appointed lead plaintiff
for the class.
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/20200427005798/en/
Leo Kandinov Robbins LLP lkandinov@robbinsllp.com (619) 525-3990
or Toll Free (800) 350-6003 www.robbinsllp.com
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