We are investigating Laredo Petroleum, Inc. (LPI) (“Laredo” or the “Company”) for potential violations of the federal securities laws. 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.