Gulfport Energy Corp. Inc. Files for Chapter 11 Bankruptcy Protection

Gulfport Energy Corp. (GPOR) Investment Losses

Have you suffered investment losses in Gulfport Energy Corp. at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.

According to reports on Nov. 13, Gulfport Energy filed for Ch.11 bankruptcy this week. The reorganization plan reportedly gives no recovery to shareholders under the plan with unsecured noteholders getting new equity and new 8% 5-year unsecured notes.

Some major Gulfport Energy shareholders reportedly sold their shares before the bankruptcy filing, according to analysts.

Gulfport Energy Corporation’s (GPOR) Ch.11 reorganization plan will reduce the current debt of $2.4 billion by $1.2 billion, leaving the company highly leveraged when it exits bankruptcy. The plan indicates that they will have a $580 million exit facility, $550 million in new unsecured notes, and $55 million in preferred stock. 

According to MarketWatch, the company’s share price is down -94.58% YTD.

Securities Investigation

The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Gulfport Energy Corp. to investors.

Broker dealers are required to perform adequate due diligence on all investment recommendations including real estate investment trusts. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses. 

Free Consultation with a Securities Attorney

To determine whether you may be able to recover investment losses in Gulfport Energy Corp.,  please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.

For more information on the firm, visit www.WhiteSecuritiesLaw.com.