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Case Status:    SETTLED
On or around 05/05/2016 (Date of order of distribution of settlement)

Filing Date: May 12, 2011

The case was originally filed in the District Court in and for Oklahoma
County, Oklahoma, and transferred to the Federal Court on May 12, 2011.

According to the complaint, Plaintiffs filed this putative class action on behalf of themselves and all others who acquired stock in GMX Resources, Inc. (“GMX”) pursuant to the company’s July 2008, May 2009, and October 2009 stock offerings. The Petition alleges, among other things, that the various offering materials for each of the stock offerings at issue “contained materially untrue statements” and that the offering materials “made untrue statements and material omissions during the relevant time period,” all in violation of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. At all relevant times, GMX’s stock traded on the National Market System of the Nasdaq Stock Market (“NASDAQ”), and in December 2009 GMX’s stock moved to the New York Stock Exchange (“NYSE”).

On July 3, 2012, the Court issued an order appointing lead plaintiffs and approving the selection of lead counsel.

On August 17, 2012, the plaintiffs filed an Amended Class Action Complaint against the defendants.

As of April 12, 2013, this case has been stayed due to a bankruptcy filing by the issuer Defendant.

On July 17, 2013, the parties filed a Stipulation dismissing Plaintiffs' claims in this action against GMX Resources, Inc.

On September 16, 2013, the Court issued an Order denying the defendants' motions to dismiss.

This case was stayed pending mediation on September 26, 2013.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas Operations
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GMXR
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Oklahoma
DOCKET #: 11-CV-00520
JUDGE: Hon. Timothy D. DeGiusti
DATE FILED: 05/12/2011
CLASS PERIOD START: 07/17/2008
CLASS PERIOD END: 03/11/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Nelson, Roselius, Terry & Morton (Edmond)
    3540 South Boulevard, Suite 300, Nelson, Roselius, Terry & Morton (Edmond), OK
    405.705.3600 405.705.3600 ·
  2. Nix Patterson & Roach, LLP
    205 Linda Drive, Nix Patterson & Roach, LLP, TX 75638
    903.645.7333 ·
No Document Title Filing Date
COURT: W.D. Oklahoma
DOCKET #: 11-CV-00520
JUDGE: Hon. Timothy D. DeGiusti
DATE FILED: 08/17/2012
CLASS PERIOD START: 05/13/2009
CLASS PERIOD END: 10/22/2009
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kessler Topaz Meltzer & Check LLP (Pennsylvania)
    280 King of Prussia Road, Kessler Topaz Meltzer & Check LLP (Pennsylvania), PA 19087
    610.667.7706 610.667.7706 · info@ktmc.com
  2. Nelson, Roselius, Terry & Morton
    P.O. Box 138800, Nelson, Roselius, Terry & Morton, OK 73113-8800
    ·
  3. Nix Patterson & Roach, LLP
    205 Linda Drive, Nix Patterson & Roach, LLP, TX 75638
    903.645.7333 ·
No Document Title Filing Date