Gulfport Energy Corporation
The law firm of Kirby Mcinerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Gulfport Energy Corporation (“Gulfport” or the “Company”) (NASDAQ: GPOR) securities during the period from May 3, 2019 through February 27, 2020 (the “Class Period”). Investors have until May 18, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that the Company failed to disclose that: (i) a material weakness existed in Gulfport’s internal control over financial reporting; (ii) accordingly, Gulfport’s disclosure controls and procedures were ineffective; and (iii) as a result, Gulfport’s financial statements contained multiple misstatements
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” and that “a material weakness in internal control over financial reporting existed as of September 30, 2019.”
On this news, shares of Gulfport fell $0.08, or 8.9%, to close at $0.82 per share on February 28, 2020.
If you acquired Gulfport securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.