Advertisement
UK markets close in 19 minutes

  • FTSE 100

    7,877.83
    +29.84 (+0.38%)
     

  • FTSE 250

    19,417.47
    +77.33 (+0.40%)
     

  • AIM

    745.21
    +2.09 (+0.28%)
     

  • GBP/EUR

    1.1681
    +0.0014 (+0.12%)
     

  • GBP/USD

    1.2453
    -0.0003 (-0.02%)
     

  • Bitcoin GBP

    51,502.42
    +2,439.96 (+4.97%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,051.53
    +29.32 (+0.58%)
     

  • DOW

    38,052.15
    +298.84 (+0.79%)
     

  • CRUDE OIL

    82.21
    -0.48 (-0.58%)
     

  • GOLD FUTURES

    2,395.60
    +7.20 (+0.30%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • DAX

    17,847.49
    +77.47 (+0.44%)
     

  • CAC 40

    8,028.22
    +46.71 (+0.59%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Laredo Petroleum, Inc. - LPI

Pomerantz LLP
·2-min read

NEW YORK, Sept. 27, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Laredo Petroleum, Inc. (“Laredo” or the “Company”) (NYSE: LPI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Laredo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On August 5, 2020, Laredo issued a press release announcing its financial results for the second quarter of 2020. Among other results, Laredo reported a net loss of $545.5 million, or $46.75 per diluted share. The press release also advised investors that “the Company filed an amended Form 10-Q for the quarter ended March 31, 2020” in order to “correct[] a $160 million understatement of the full cost ceiling impairment expense for the quarter ended March 31, 2020, which caused an understatement of the balances of accumulated depletion and impairment and accumulated deficit, and a corresponding overstatement of the same amount to both net income and the balance of our oil and natural gas properties as of March 31, 2020.” On this news, Laredo’s stock price fell sharply during intraday trading on August 6, 2020.

ADVERTISEMENT

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980