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.
SIC Code: 5944
Industry: Retail (Specialty)
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