A class action lawsuit was filed in the United States District Court for the Southern District of New York against Gulfport Energy Corporation (NASDAQ: GPOR). Federman & Sherwood reminds current and former shareholders of Gulfport Energy Corporation that they only have until Monday, May 18, 2020 to move the court for appointment as a lead plaintiff in this case. The Complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
Our firm seeks to recover damages on behalf of the Class. Federman & Sherwood has extensive experience and expertise in prosecuting securities litigation involving financial fraud. We represent investors throughout the country in shareholder litigation.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) a material weakness existed in Gulfport’s internal control over financial reporting; (2) accordingly, Gulfport’s disclosure controls and procedures were ineffective; (3) Gulfport’s financial statements contained multiple misstatements; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.