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Case Status:    SETTLED
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 INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: United States

SECURITIES INFORMATION:

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.
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:
  1. Payne Mitchell Law Group, LLP
    2911 Turtle Creek Blvd., Suite 1400, Payne Mitchell Law Group, LLP, TX 75219
    214-252-1888 214-252-1889 ·
  2. The Rosen Law Firm, P.A. (New York)
    350 Fifth Avenue, Suite 5508, The Rosen Law Firm, P.A. (New York), NY 10118
    212.686.1060 212.202.3827 · lrosen@rosenlegal.com
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