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The Rosen Law Firm, P.A. announces that it is investigating securities fraud claims against DGSE Companies, Inc. (NYSE MKT: DGSE). The investigation focuses on whether DGSE issued misleading financial statements to investors during the period August 14, 2007 through April 16, 2012.
On April 16, 2012 DGSE disclosed that its board of directors had discovered accounting irregularities beginning July 1, 2007 and continuing to April 2012 that could render inaccurate DGSE’s financial statements. DGSE stated that the accounting irregularities were the result of improper accounting for inventory and other balance sheet accounts by its former Chief Financial Officer. As a result, AMEX halted traded in DGSE shares.
On June 18, 2012, the Company received written notice that the Securities and Exchange Commission was investigating the accounting irregularities, to determine whether there have been violations of the federal securities laws.
The Rosen Law Firm is investigating a class action lawsuit to help DGSE shareholders recover their losses. If you purchased DGSE securities between August 14, 2007 and April 16, 2012, you may visit the website at
http://www.rosenlegal.com. You may also contact Phillip Kim, Esq. or Jonathan Horne of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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