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Stanford Law School


DGSE Companies, Inc
Summary: According to the law firm press release, the Complaint asserts violations of the federal securities laws against DGSE and certain if its present and former officers and directors, for issuing materially false and misleading financial information. The Complaint asserts that during the Class Period defendants falsely attested to the accuracy DGSE’s financial statements filed with the SEC. On April 16, 2012 the Company announced that investors could no longer rely on the Company’s financial statements dating back to 2007 and continuing through the third quarter of 2011, as those financial statements had to be restated. As a result, the Complaint alleges that the NYSE AMEX halted all trading in DGSE stock, rendering DGSE’s stock illiquid and damaging investors

On January 24, 2013, the Court issued an order granting the Motion for Appointment as Lead Plaintiff and for Approval of Selection of Counsel.

INDUSTRY CLASSIFICATION:
SIC Code: 5944
Sector: Services
Industry: Retail (Specialty)


COMPANY/ISSUER NAME: DGSE Companies, Inc
COMPANY/ISSUER TICKER: DGSE
COMPANY WEBSITE: http://www.dgse.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE
Grant Barfuss, et al. v. DGSE Companies, Inc, et al.
 COURT: N.D. Texas  DOCKET NUMBER: 12-CV-03664
 JUDGE NAME: Hon. Jane J Boyle
 DATE FILED: 09/07/2012  SOURCE: 
 CLASS PERIOD START: 04/15/2011  CLASS PERIOD END: 04/17/2012
 TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
 PLAINTIFF FIRMS NAMED IN COMPLAINT:
  • Payne Mitchell Law Group, LLP
      2911 Turtle Creek Blvd., Suite 1400, Dallas, TX, 75219
       (voice) 214-252-1888, (fax) 214-252-1889,
  • The Rosen Law Firm, P.A. (New York)
      350 Fifth Avenue, Suite 5508, New York, NY, 10118
       (voice) 212.686.1060, (fax) 212.202.3827, lrosen@rosenlegal.com
    _____________________________________________
     TOTAL NUMBER OF PLAINTIFF FIRMS:  2

  •  DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
    Class Action Complaint for Violation of Securities Laws
    Type: Complaint Date on the document: 09/07/2012
    Order Appointing Lead Plaintiff and Approving Lead Plaintiff’s Selection of Counsel
    Type: Order Date on the document: 01/24/2013

     OTHER DOCUMENTS
    Case Name and/or Number: 
    Type:  Date on the document: 

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