On or around 07/08/2013 (Date of stipulation and/or agreement of settlement)
Filing Date: September 07, 2012
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.
Company & Securities Information
Defendant: DGSE Companies, Inc
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: DGSE
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.
First Identified Complaint
Grant Barfuss, et al. v. DGSE Companies, Inc, et al.
COURT: N.D. Texas
DOCKET #: 12-CV-03664
JUDGE: Hon. Jane J Boyle
DATE FILED: 09/07/2012
CLASS PERIOD START: 04/15/2011
CLASS PERIOD END: 04/17/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Payne Mitchell Law Group, LLP 2911 Turtle Creek Blvd., Suite 1400, Payne Mitchell Law Group, LLP, TX 75219 214-252-1888 214-252-1889 ·
Class Action Complaint for Violation of Securities Laws
Order Appointing Lead Plaintiff and Approving Lead Plaintiff’s Selection of Counsel
Stipulation and Agreement of Settlement
Notice of (I) Pendency of Class Action; (II) Proposed Settlement and Plan of Allocation; (III) Settlement Fairness Hearing; and (IV) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses
Order Preliminarily Approving Proposed
Settlement and Providing for Notice