Gulfport Energy Corp fka GPORQ

[jgrabar]

Grabar Law Office is investigating Gulfport Energy Corporation (NASDAQ: $GPOR) for alleged violations of the Securities Exchange Act of 1934 on behalf of shareholders who purchased shares between May 3, 2019 and February 27, 2020. It is alleged that executives made false and misleading statements about the effectiveness of the Company's internal controls and procedures over financial reporting and investor disclosures, as well as the accuracy of its financial statements which included misrepresentations and concealment of (a) material weaknesses in the Company's internal controls over financial reporting, (b) deficiencies in the Company's disclosure controls and procedures, and (c) resulting misstatements in the Company's financial reports. On Feb. 27, 2020, Gulfport disclosed that its 3Q 2019 financial statements contained material misstatements and admitted that it (1) understated its accumulated depreciation, depletion, and amortization by $553 million, (2) overstated its income from operations by $553 million, (3) overstated its net income by $436 million, and had a material weakness in its internal control over financial reporting.

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Josh Grabar