Case Page

 

Case Status:    SETTLED
On or around 04/28/2017 (Date of order of distribution of settlement)

Filing Date: March 20, 2014

According to a law firm press release, on March 18, 2014, GGS announced it would restate its annual financial statements for the years ended December 31 2009, 2010, 2011, and 2012, as well as its quarterly financial statements for the first three quarters of 2013. For the three months ended September 30, 2013, GGS announced that the restatement would decrease revenues by $5.0 million. Following this news shares of GGS fell to a close of $0.57 per share the following day.

On July 11, 2014, the Court issued an Order administratively closing this case as to the issuer defendant only.

On July 14, 2014, the Court issued an Order appointing lead plaintiff and approving the selection of lead counsel.

On August 24, 2015, the parties entered a Stipulation of Settlement. The Settlement was preliminarily approved on October 6. On January 14, 2016, the Court issued an Order granting final approval of the Settlement and dismissing this case.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil Well Services & Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GGS
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: S.D. Texas
DOCKET #: 14-CV-00708
JUDGE: Hon. Vanessa D Gilmore
DATE FILED: 03/20/2014
CLASS PERIOD START: 04/21/2010
CLASS PERIOD END: 03/18/2014
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)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: S.D. Texas
DOCKET #: 14-CV-00708
JUDGE: Hon. Vanessa D Gilmore
DATE FILED: 02/12/2015
CLASS PERIOD START: 02/22/2012
CLASS PERIOD END: 03/26/2014
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)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date